Bad News for Boeing: SpaceX Wins 5 More Contracts

It began with just 12 contracts.In 2014, NASA embarked upon a three-year mission to explore new ways of sending astronauts to the International Space Station (ISS) and to seek out new partnerships with private industry, tasking SpaceX and Boeing (NYSE: BA) with a request to build two new spaceships for a combined $6.8 billion. SpaceX would receive $2.6 billion to design and build a Crew Dragon spacecraft by 2017, and use it to send astronauts to ISS six times. Boeing would be paid $4.2 billion to do the same thing.Ultimately, it would take SpaceX not three but six years to launch its first crewed spaceflight (Demo-2, in 2020). But once that was accomplished, SpaceX quickly hit its stride, launching four new fully certified "Crew" missions over the next two years. Boeing is taking a bit longer to fulfill its contract, finally completing an uncrewed test flight just last month, and Boeing has yet to send up its "Starliner" spacecraft with astronauts actually aboard. Continue reading
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