's (NYSE: BA) attempt to compete with SpaceX in the field of manned spaceflight is turning out to be an expensive gamble -- and verging on fiasco.

Since winning its $4.2 billion 2014 NASA contract to provide "Commercial Crew" spaceflights to and from the International Space Station, Boeing has racked up nearly $900 million in losses. The losses began with a failed test flight in 2019, causing a huge delay to Boeing's manned spaceflight program, with an uncrewed Starliner finally limping in to dock with the International Space Station two-and-a-half years later. Boeing was supposed to be back on track with Starliner at that point, and had planned to launch Starliner in July 2023. 

But now it seems Boeing isn't going to proceed as planned.

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Source Fool.com