Boeing's space division faces layoffs, Blue Origin also preparing layoffs, potential growth for investors.
From Nasdaq: 2025-02-22 07:07:00
Boeing’s space division, BDS, is facing potential layoffs, with 200-400 jobs at risk due to concerns over canceled contracts. Blue Origin, a competitor, is also preparing layoffs to focus on rocket launches after successful New Glenn launch. Blue Origin aims to cut costs, increase manufacturing output and launch cadence. Investors may see potential for growth with Blue Origin IPO and increased competition in the space industry. Analysts recommend seizing opportunities with Double Down stock recommendations for potential lucrative returns. Investing in companies like Nvidia, Apple, and Netflix years ago could have yielded significant returns, according to recent data. “Double Down” alerts are being issued for three promising companies, offering a unique opportunity for investors. Stock Advisor returns as of February 21, 2025 show impressive growth for these companies. John Mackey, former CEO of Whole Foods Market, is on The Motley Fool’s board of directors. The Motley Fool recommends Amazon and The New York Times Co., and has a disclosure policy in place. The author, Rich Smith, has no positions in the mentioned stocks.
Read more at Nasdaq: Blue Origin Prepares for Layoffs. Here’s What Space Stock Investors Need to Know