Boeing Faces Manned Spaceflight Challenges as NASA Relies on SpaceX

NASA’s decision to rely on SpaceX to retrieve two astronauts stranded on a Boeing Starliner spacecraft has sparked concerns about Boeing’s role in manned spaceflight, according to Bank of America analyst Ronald Epstein.

Epstein noted that this move could damage Boeing’s reputation with NASA and potentially lead the company to exit the manned spaceflight business altogether. Additionally, operational and leadership challenges continue to hinder Boeing’s progress.

Despite these concerns, Epstein maintains a “Neutral” rating for Boeing with a 12-month price target of $200, suggesting a 14.3% potential upside for the stock.