Boeing was founded in the 1920s, while the current crop of leaders, Microsoft and Apple, were founded more than seventy years later. Yet, they have surged far ahead of entities like Boeing.
Once a titan in the aerospace industry, Boeing now lags way behind. As of 2024, Boeing’s market capitalisation hovered around $114 billion, a stark contrast to the impressive valuations of other companies. This decline is particularly striking compared to the meteoric rise of tech giants such as Microsoft and Apple. The rate of growth has been the most striking phenomenon.
The comparison between Boeing and Microsoft’s valuations over the past two decades showcases a striking contrast in their growth trajectories. In 2001, Microsoft held a significant lead over Boeing, with a market capitalisation of $358 billion compared to Boeing’s $30.94 billion. However, by 2024, the gap had widened considerably, with Microsoft’s worth soaring to an astonishing $3.5 trillion, while Boeing’s valuation stood at a mere $115 billion.
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This raises the question: What has Boeing been doing all these years? Is the business of manufacturing aeroplanes worth it?
With its rapidly growing aviation industry and ambitious plans for the future, India presents a unique opportunity for Boeing. The country is expected to become the third-largest aviation market globally in the coming years, driven by a burgeoning middle class and increased connectivity. This growth presents a substantial opportunity for Boeing to showcase its commitment to safety, quality, and operational excellence.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value.
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