BA - Boeing Races to Catch SpaceX in Orbit -- But Has It Already Lost?
2024-06-21 08:07:00 ET
The International Space Station (ISS) orbits the Earth at an altitude of 250 miles. That doesn't sound like much. You can drive 250 miles in a cheap sedan in about four hours or take an hour-long flight (if that).
It's taken Boeing (NYSE: BA) five years to reach the ISS, however. And when they finally arrived, they found SpaceX already got there four years ago .
Boeing's first attempt to launch a Starliner spacecraft to ISS in 2019 ended in failure when an on-board clock error caused the spacecraft to fire its engines at the wrong time, putting it on a wrong course, and eventually requiring the spacecraft to come back to Earth without ever reaching its goal.
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Boeing Races to Catch SpaceX in Orbit -- But Has It Already Lost?