Gosh, would be real cool if they hadn't bought all those shares, and just had the cash on hand to help... I don't know... invest in engineering and making planes fly with doors on them.
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I don't know whether they retired the stock they bought back or put them back into the treasury, but in practice it's basically the same thing. Shares are fungible.
The issuance of new shares requieres new legal docs, and is constrained by the article of incorporation. A company will have to amend their articles of incorporation to issue shares beyond the allotted amount decided at the time the docs were created/filed.
Boeing has famously done stock buybacks of $43 Billion for the period of 2013-2019. Now they need to raise $10 Billion in cash. Whether they're doing that by issuing new stock or by selling bought stock is moot.
They converted $43 Billion dollars into stock (probably more since then, but let's make the point), raising their market cap from $57B in 2013 to $93B today. Which is a difference of $36B[1]. So they converted $43B in 2013 into $36B in 2024. It's worse than that, because if you account for inflation since 2019, The $36B is actually only equivalent to $28.8B [2] of the dollars that they spent on it.
This means, that in the period from 2013-2019 Boeing lost ~$14B in cash by spending it on stock buybacks.
My comment here is just that. They converted $43B cash (probably more) into $29B stock value. And now they need $10B cash. For which they will issue new stock, and likely tank the stock value even more. I would be surprised if there's enough float that they wouldn't just destroy the stock value entirely by trying to issue ($10B/154($/stk)) == 64M Stock. Their average volume (I assume float) is 9M according to Google stock, but they also say 20+M for the past few years. So I'm guessing we could see Boeing stock drop by half for this round of sales.
[1] https://www.macrotrends.net/stocks/charts/BA/boeing/market-c... [2] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=36%2C000.00&ye...
This sentence is contradictory. Shares are either fungible (they are), or they're not, in which case they are 'non-fungible', like "non-fungible tokens."
In this case they are, because one share is like another. If you and I both have boeing shares, we can trade one for the other, and still feel like we got a fair trade. Additionally Boeing has the ability to mint new shares. And if they do that, they mint shares like yours and mine.