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NASA freezes Starliner missions

(gizmodo.com)
269 points rntn | 3 comments | 17 Oct 24 19:56 UTC | HN request time: 0.61s | source
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OutOfHere ◴[19 Oct 24 14:32 UTC] No.41887967[source]▶
> The space agency will now judge how the Starliner could be eventually certified to fly

Methinks this will require firing all Boeing management, and taking it private :)

replies(2): >>41888012 #>>41891192 #
1. airstrike ◴[19 Oct 24 22:13 UTC] No.41891192[source]▶
Even after everything that's gone wrong for them, Boeing is still a $140B enterprise value company, of which ~$55B alone is debt, so even if their stock drops by another 50% they're still worth somewhere close to $100B... I doubt it's going private any time soon
replies(1): >>41893903 #
2. OutOfHere ◴[20 Oct 24 08:34 UTC] No.41893903[source]▶
Its market cap is 95B. If 55B is debt, that leaves a market value of just 40B as I see it.
replies(1): >>41895899 #
3. airstrike ◴[20 Oct 24 15:23 UTC] No.41895899[source]▶
I'm afraid that's not right. It's the other way around. The market cap is the equity value, i.e. just the portion owned by shareholders. The portion owned by debt holders is the debt (though you should reduce that by the amount of cash on the balance sheet, since it can be used to pay off part of the debt. I left it out for simplicity as it doesn't change the answer).

Enterprise value (the value of all of Boeing) is the sum of the two (plus or minus other things like minority interest and whatnot, also left out for simplicity)