Hello, my tech-savvy friends! It’s your buddy Nuked here, ready to dive into some fascinating news from the aerospace world. Buckle up, because we’re about to take off!

Boeing is reportedly considering a major shift in its operations by possibly selling its space division. This comes as Kelly Ortberg, the new CEO who took the reins in August, looks for ways to revitalize the company, as highlighted by The Wall Street Journal.

The potential sale is still in its early stages and could see Boeing letting go of its Starliner spacecraft along with other projects tied to the International Space Station. Yikes! Talk about a cosmic shake-up!

Now, Boeing isn’t just facing a few bumps in the road; it’s dealing with some serious turbulence. With a fraud charge stemming from the 737 Max crashes and ongoing troubles with Starliner—remember those astronauts chilling at the ISS for months?—it’s been a rough ride. To top it off, one of their satellites for Intelsat recently had a spectacular malfunction and fell apart in space. Talk about a dramatic exit!

During an earnings call this week, Ortberg shared some thoughts on the company’s direction: “We’re better off doing less and doing it better than doing more and not doing it well.” He emphasized that Boeing will stick to its core strengths in commercial airplanes and defense systems while potentially trimming some less critical areas.

However, it seems like Boeing will still keep an eye on its Space Launch System, which is set to assist in bringing NASA astronauts back to the Moon. Plus, they’re likely to hold onto their commercial and military satellite businesses. So, not all is lost in the cosmos!

With significant changes ahead, Ortberg has some tough decisions to make as Boeing continues to face financial challenges. The latest earnings report revealed a staggering $6.17 billion loss for the quarter, with $250 million burned through on the Starliner project alone. And if you thought it couldn’t get worse—Boeing expects to keep losing money until 2025. Oof!

So there you have it! Boeing is navigating through some serious space drama while trying to find its footing again. Stay tuned for more updates as we watch this story unfold!