Is NASA’s Starliner Mission Cut Reshaping the Investment Case for Boeing (BA)?

• In late November 2025, NASA announced it had reduced its contract with Boeing for the Starliner space capsule, cutting planned missions to the International Space Station from six to four due to technical and safety concerns after a problematic prior test flight. This adjustment limits future spaceflight opportunities for Boeing and signals ongoing scrutiny of its space program reliability.
• This shift highlights how program setbacks can influence investor confidence by narrowing Boeing’s potential for growth within the space segment.
• We'll examine how the reduction in NASA Starliner missions impacts Boeing’s long-term space growth outlook and risk profile.

Find companies with promising cash flow potential yet trading below their fair value.

Boeing Investment Narrative Recap

Boeing shareholders are often anchored by confidence in the company’s ability to restore production momentum and profitability, largely driven by commercial aircraft demand and operational improvements in its supply chain. The recent cut to NASA’s Starliner contract does not materially affect Boeing's most important short-term catalyst, which remains the ramp-up of 737 and 787 deliveries; however, it adds incremental risk to perceptions of execution reliability across its segments, a sensitive area given recent program delays and reputational challenges.

Among recent announcements, Emirates’ expanded order for 65 additional 777X jets stands out, reinforcing the critical role that recovery in commercial aircraft production and backlog conversion plays in Boeing’s near-term earnings trajectory and broader growth opportunities, particularly as defense and space revenues fluctuate.

By contrast, what some investors may miss is how Boeing’s ongoing quality and certification challenges across flagship models could still...

Read the full narrative on Boeing (it's free!)

Boeing's narrative projects $114.4 billion in revenue and $7.1 billion in earnings by 2028. This requires 14.9% yearly revenue growth and an $18 billion earnings increase from the current earnings of -$10.9 billion.

Uncover how Boeing's forecasts yield a $249.32 fair value, a 33% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members set fair values for Boeing between US$206.79 and US$352.81, based on 19 different analyses. Against this backdrop of wide-ranging views, certification and quality risks remain a key issue that could reshape Boeing’s future performance; consider how your expectations compare before making a call.

Explore 19 other fair value estimates on Boeing - why the stock might be worth just $206.79!

Build Your Own Boeing Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Boeing research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Boeing research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Boeing's overall financial health at a glance.

Curious About Other Options?

These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

• Outshine the giants: these 25 early-stage AI stocks could fund your retirement.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.
• We've found 15 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com