Boeing Sells ULA $3 Billion after Starliner Trouble Somehow Saves NASA's new Space Plane...
Boeing Sells ULA $3 Billion after Starliner Trouble Somehow Saves NASA's new Space Plane...
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Don't have this on the bingo card 0:42
Benefits 2:54
Challenges 5:36
SpaceX 7:37
outro 8:24
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Boeing Sells ULA $3 Billion after Starliner Trouble Somehow Saves NASA's new Space Plane...
On July 9, ULA's most potential buyer, Jeff Bezos made headlines by selling 863.5 million worth of the company’s stock. This has sparked rumors that Blue Origin's CEO has made the final decision to buy ULA outright to compete with arch-rival SpaceX.
However, just a month later, the plot took a turn when an unexpected name also got involved in this famous deal.
It's Sierra Space, ULA's customer.
So, why does a tiny and new entrant like Sierra Space want to buy its giant supplier?
What challenges will they face after the merger?
How will this affect ULA's top competitor, SpaceX?
Find out everything in today's Techmap episode.
But before we begin, let's subscribe to the channel to stay up-to-date with the latest space news.
Boeing Sells ULA $3 Billion after Starliner Trouble Somehow Saves NASA's new Space Plane...
In June when United Launch Alliance decided to skip its customer, Sierra Space to launch its Vulcan Centaur rocket earlier, many people expressed their concern. They analyze that with Vulcan's current schedule, it will be a long time before Sierra's Dream Chaser spacecraft can make its first flight on the new Vulcan rocket. As a result, the delayed spacecraft will be further delayed.
At that time, both companies said that they would discuss with each other going into the final solution. And while the public is waiting for the consensus, Sierra Space has taken a very cool action, given that instead of relying on your supplier, BUY IT!
Boeing Sells ULA $3 Billion after Starliner Trouble Somehow Saves NASA's new Space Plane...
Yes, Boeing and Lockheed Martin, the two companies that founded ULA, are currently in negotiations to sell their rocket-launching joint venture to Sierra Space. A deal could value ULA at around 2 billion to 3 billion dollars. A deal to sell ULA, a major provider of launch services to the US government and a top rival to Elon Musk's SpaceX, would mark a significant shift in the US space launch industry as ULA separates from two of the largest defense contractors to a smaller, privately held firm.
The potential sale comes after years of speculation about ULA's future and failed attempts to divest the joint venture over the past decade. In 2019, Boeing and Lockheed Martin reportedly explored selling ULA but couldn't agree on terms with potential buyers. Jeff Bezos' Blue Origin and Cerberus Capital Management had placed bids in early 2023 for the company. Rocket Lab had also expressed interest. None of those discussions led to a deal. Rocket Lab could not be immediately reached.
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