Wolf Richter: Boeing Unveils $22 Billion Share Offering to Regain Stability and Avoid Junk Credit Rating After Spending $64 Billion on Share Buybacks

Boeing has faced severe financial challenges in recent years, recording a staggering $32 billion in net losses since 2019, alongside a massive increase in debt that now totals $58 billion. The company has seen its stockholder equity plunge to a negative $23.6 billion, necessitating urgent capital to address its financial burdens. Much of this situation...