The Rundown Boeing Delays 777X Again, OpenAI Hits $500B Valuation
13 snips
Oct 3, 2025 Delays plague Boeing's 777X program, pushing the launch to 2027 and costing billions, amid operational troubles. The labor market shows signs of cooling with job losses reported, raising questions about Fed policies. Meanwhile, OpenAI reaches a staggering $500 billion valuation through employee sales, despite struggles with monetization. Uber enhances its AI capabilities by acquiring Segments AI, eyeing opportunities in data labeling for additional revenue. Stock market reactions reveal mixed results tied to major player announcements.
AI Snips
Chapters
Transcript
Episode notes
Markets Rally Despite Data Blackout
- Stocks hit record highs even as the government shutdown continued and key economic data was missing.
- Investors are using alternative data like ADP to gauge a softening labor market.
777X Delay Deepens Boeing's Woes
- Boeing delayed the 777X to 2027, risking $2.5–$4 billion in additional costs.
- The program already incurred over $11 billion in extra costs and threatens Boeing's cash generation this year.
Boeing's Recent Troubles Summarized
- Zaid recounts Boeing's recent troubles: doors blowing off midair, strikes, CEO turnover, and a $12 billion loss last year.
- These events frame why another delay matters for investor confidence and operations.