Boeing announced Monday it lost $523 million on the Starliner crew capsule program last year, putting the aerospace company $2 billion in the red on its NASA commercial crew contract since late 2019.

While SpaceX CEO Elon Musk and the Trump administration lay waste to NASA's operations, the specter of embattled aerospace giant Boeing's disastrous Starliner project still looms large. In an official filing with the Securities and Exchange Commission,

Boeing has more tough news about its Starliner project. In an SEC filing, the aerospace company conceded that it lost $523 million in 2024 to Starliner costs, causing its total project losses to exceed $2 billion.

Boeing (NYSE:BA) recorded its biggest annual reach-forward loss related to its Starliner program spacecraft in 2024, and has lost more than $2B since it first secured the nearly $5B fixed-price contract from NASA to develop the spacecraft.