Boeing Planning $15 Billion Capital Raise

Investing.com — Boeing Co (NYSE:BA) is preparing to launch a $15 billion capital raise as early as Monday, according to Bloomberg. The aerospace giant is grappling with a significant strike that has led to declining cash reserves.

Reports of the capital raise have intensified recently due to a strike involving more than 30,000 employees, which has caused substantial cash outflow for over a month.

Boeing has reportedly received approval from the Securities and Exchange Commission to raise up to $25 billion. The company aims to avert a potential downgrade of its credit rating to junk status.

The ongoing strike is part of a larger set of challenges for Boeing, which recently faced issues with the maiden flight of its Starliner spacecraft, leaving two astronauts stranded aboard the International Space Station. This difficulty follows increased regulatory scrutiny regarding safety standards, stemming from an incident where a door blew out from an Alaskan Airlines flight.