Blue Origin Prepares for Layoffs. Here's What Space Stock Investors Need to Know
When it comes to space companies, layoffs aren't always bad news.
Boeing (NYSE: BA) investors got a bit of a shock last week, when word leaked out that the aerospace company's ailing defense and space division, known as BDS, is bracing for layoffs. This dedicated space business builds everything from rockets to satellites to missile defense systems, and manages NASA's gigantic Space Launch System (SLS) for the Artemis program -- and it's worried that the new Trump administration may be preparing to cancel future SLS contracts.
And the jobs of anywhere from 200 to 400 of the 800 staffers who work on SLS could be at risk.
Nor is Boeing alone in worrying about job security in the space industry. Bloomberg reported last week that one of the new space companies challenging Boeing's dominance in rocketry, Blue Origin, is also preparing to lay off a chunk of its workforce.
