Boeing's Starliner spacecraft program continues to face significant financial setbacks. The company reported an additional $523 million in losses for the program in 2024, bringing the total losses to over $2 billion. The losses stem from the CST-100 Starliner project, which was intended to transport astronauts to the International Space Station (ISS). However, the spacecraft experienced malfunctions during its first flight, preventing it from docking with the ISS and leaving astronauts stranded in space for eight months.
Boeing had initially hoped to generate revenue from the Starliner program, but the repeated delays and setbacks have resulted in a significant financial drain. The company has stated that it expects to spend an additional $550 million on the project in 2025. The Starliner program is now facing a potential total cost of nearly $1 billion by 2025, with no guarantee of generating any revenue.
The future of the Starliner program remains uncertain. Boeing is working to address the technical issues that have plagued the spacecraft, but the company faces a significant challenge in regaining NASA's trust and securing future contracts. The financial losses associated with the Starliner program are a major blow to Boeing, and the company's shareholders are closely watching the situation.