“This seems like a good business decision, especially given the tough and strengthening competition from Elon Musk’s SpaceX.” – Shruti Gurudanti, Rose Law Group partner, director of the corporate transactions department
By Eric Revell | Fox Business
Aerospace giant Boeing is reportedly exploring the sale of some portions of its space business as it considers ways to streamline its operations.
The Wall Street Journal reported Friday, citing people familiar with the matter, that Boeing is considering selling portions of its NASA business, including its troubled Starliner space vehicle and operations that support the International Space Station.
The potential divestment would exclude the Boeing unit that’s building NASA’s Space Launch System, as well as its commercial and satellite businesses, the Journal reported.
“Boeing doesn’t comment on market rumors or speculation,” a Boeing spokesperson told FOX Business.
