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By Jason Lange and Joey Roulette WASHINGTON, June 11 (Reuters) - Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era
Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll. For the last decade, SpaceX rockets have regularly returned to ocean platforms or giant mechanical arms on the launchpad in controlled landings that resemble science fiction. Just 13% say they have never heard of SpaceX.
In an interview at the IATA annual meeting in Rio de Janeiro, GE Aerospace CEO Larry Culp remained optimistic that GE could secure more aircraft-engine orders from China following a meeting between President Donald Trump and his Chinese counterpart Xi Jinping in Beijing the previous month, after which their manufacturing partner, Boeing Co. secured an initial batch of commitments.
Etihad Airways CEO Antonoaldo Neves speaks to Bloomberg's Guy Johnson at the International Air Transport Association (IATA) conference in Rio de Janeiro. He says the carrier is discounting tickets by keeping fares at a stable level despite the 70% jump in fuel costs. Neves also talks about securing delivery dates for new aircraft from Boeing and Airbus SE.
The SpaceX IPO is here, Apple’s second chance on AI plans, Iran war’s next 100 days, and more news to start your day.
Boeing (BA) has received approval from the Federal Aviation Administration to begin TIA Phase 4B cer
Boeing is approaching a solemn anniversary: It has been almost one year since the fatal Air India Flight 171. On June 12, 2025, a Boeing 787 crashed shortly after takeoff from Ahmedabad, India, killing 229 passengers, 12 crew, and 19 people on the ground. The crash’s anniversary signals the imminent arrival of the full accident investigation report from India’s Aircraft Accident Investigation Bureau.
Boeing (BA) investors were fixated on two stories in May. One was a long-delayed jet order from China. The other was a slow climb in 737 production. A third development landed on June 1 but didn’t make nearly as much noise. Boeing said its MQ-28 Ghost Bat drone had cleared a key stealth test. ...
The Huntsville, Alabama-based space and defense manufacturer priced 32.5 million shares at $20 each, within its marketed range
Elon Musk’s SpaceX, which is likely to get a $1.8 trillion price tag when it debuts on the Nasdaq next week, carries a host of superlatives. Part of the problem is SpaceX itself. The company combines Musk’s space, satellite, social media, and artificial intelligence divisions, and is expected to float 555 million shares next week with a share price of around $135.
(Bloomberg) -- Alphabet Inc.’s surprise $80 billion sale of equity to fund spending on artificial intelligence infrastructure is expected to become the biggest equity capital markets transaction of all time, according to data compiled by Bloomberg.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Andrew Left Found Guilty in Case That Spooked Short SellersAlphabet to Raise $80 Billion in Equity for
Stock Market Today: The Dow Jones index rose Monday amid ongoing hopes for a U.S.-Iran deal. Nvidia stock jumped on a new chip.
Park Aerospace Corp (PKE) showcases robust financial health and strategic alliances, despite facing supply chain issues and competitive pressures.
There is a version of the Boeing story that has dominated headlines for the past two years. It’s the version with production caps, regulatory scrutiny, quality lapses, and a January 2024 door-plug blowout that grounded investor confidence as thoroughly as it grounded the affected aircraft. On May ...
Rocket Lab and AST SpaceMobile have surged as investors bet on the next phase of the space economy. But aerospace giants including Boeing, Airbus, and Lockheed Martin could also benefit from growing enthusiasm around SpaceX.
By Julie Zhu and Anne Marie Roantree HONG KONG, May 28 (Reuters) - China's commitment to buy 200 Boeing jets during a recent visit by U.S.
Dell Federal Systems, a unit of the company dedicated to serving the government, wins a US defense contract.
WASHINGTON, May 27 (Reuters) - The head of the Federal Aviation Administration said on Wednesday that he expects the Boeing 737 MAX 7 to be certified this summer and the larger MAX 10 to be approved before the end of the year. FAA Administrator Bryan Bedford told Reuters at an aviation forum in Washington that he also expects Boeing will again hike production of the 737 MAX in the next 90 days.
May 27 (Reuters) - Boeing is increasing 737 production to 47 jets a month, up from 42, after consulting with the Federal Aviation Administration, Boeing CEO Kelly Ortberg said on Wednesday. "We're off and rolling at the 47 rate, and we should be there in the next couple months," Ortberg said at the Bernstein Annual Strategic Decisions Conference.
Boeing stock rose after CEO Kelly Ortberg gave investors some good news about an important 737 MAX milestone. The company passed its capstone review with the Federal Aviation Administration, allowing it to increase its 737 MAX production to 47 jets a month, Ortberg said at the Bernstein Strategic Decisions investor conference Wednesday. Most recently, Boeing had been making 42 MAX jets a month, after getting FAA approval to raise production in late 2025.
Investing.com -- Seaport Research Partners initiated coverage on GE Aerospace with a Buy rating and a $375 price target, arguing that recent weakness in the aerospace giant’s shares presents an attractive entry point for investors betting on a longer-lasting aviation aftermarket boom.
Boeing's CEO said the company is ready to expand production of its 737 MAX models to 47 jets a month, a hopeful sign for its effort to move past quality-control problems. CEO Kelly Ortberg said Boeing recently passed a "capstone review" of its MAX production, clearing the way for its next increase in output. The Federal Aviation Administration capped Boeing's monthly manufacturing rate in 2024 after the midair blowout of a 737 MAX door panel, and regulators last year removed some production restrictions, but the company has ramped up output gradually to avoid snags.
Investing.com -- Boeing (NYSE:BA) is targeting to balance inventory at a production rate of 52 aircraft per month for its 737 program, CEO Kelly Ortberg said Wednesday at the Bernstein Conference webcast.
Investing.com -- Applied Aerospace & Defense, Inc filed on Tuesday for a 32,500,000 share IPO at $18-$21 per share on the New York Stock Exchange, targeting to raise as much as $682.5 million
Investors have had plenty of reasons to question Boeing over the past few years, but Wall Street is starting to separate the company’s defense story from its better-known commercial aviation challenges. Citi is turning more constructive on parts of the aerospace and defense sector after a sharp ...
Investing.com -- A federal jury at a U.S. District Court in Seattle ruled in favor of Boeing on Friday, finding the aerospace manufacturer not guilty of fraud in a civil lawsuit brought by LOT Polish Airlines over the 737 MAX aircraft, Reuters reported.
A US jury found Friday that aerospace giant Boeing was not liable for lost revenue in a lawsuit involving its 737 MAX jets, which were grounded for 20 months following two deadly crashes in 2018 and 2019.The 737 MAX jets were grounded from March 2019 until November 2020, when the US Federal Aviation Administration cleared the aircraft to resume service after Boeing upgraded the MCAS. - Victim family lawsuits - The case from the airline, whose full company name is Polskie Linie Lotnicze LOT S.A.,
Investing.com -- US President Donald Trump’s May 13–15 visit to China concluded with a "constructive strategic stability" framework and a commitment to step up communication channels between Washington and Beijing.
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