Agreed but they just announced resumption of the 737MAX production, INCREASES in their defense, aerospace & security businesses, & were PAID to develop this ~$4.8B to develop this NEW commercial-flight business NASA is initiating.
AND, because NASA wants COMPETITION,... they've a VESTED INTEREST in making sure SpaceX isn't their ONLY OPTION.
Moreover, the ICONIC 100yo U.S.-conglomerate has been HAMMERED with the covid-19 lockdowns & loss of commercial travel.
ALL THAT has been the DOWNSIDE RISK which resulted in the near-80%+ drop in BA highs. I think it's HEADWINDS were ALL WARRANTED but NOW baked-in. As the economy re-opens, the U.S. begins to RETURN to normalcy, covid-testing has ramped-up & travel is creeping back up the 6-12mo FORWARD-LOOKING markets should start climbing into BA sooner-rather-than later.
The SpaceX success & NASA-support (as heard in recent press-briefings) should bring attention to BA that will help accelerate it's formerly-lagging recovery!
That's my working thesis anyways,...still doing research but I've been ACCUMULATING BA because I don't see the same downside risk that brought it down persisting. And I think the gov't is FULLY BEHIND the company's long-term success & prosperity.,
Saudi's & other foreign gov't seem to be have been buying BA too!
As I said, I guess time will tell...ALWAYS DOES! I'm betting BA tests $180 - $200.00 before Q3 & will bring investors here (around $140) some BIG RETURNS with little downside risk!