MongoDB Plunges 18% as Meta Taps CEO To Lead New AI Platform | Closing Bell

Meta launched the Meta Enterprise Platform to sell AI tools to businesses, hiring MongoDB's former CEO CJ Desai. MongoDB's shares dropped ~24% premarket, while Meta's stock fell 3.9%. Pricing and launch details were not disclosed. MongoDB named Dev Ittycheria as interim CEO.

NASA will purchase two more Boeing Starliner flights and invest $359M to fix thrusters and certify Vulcan rocket. Boeing has faced delays and losses with Starliner, but NASA sees it as the best option for astronaut transport post-SpaceX Dragon. Starliner missions are planned through 2028, with potential future contracts for private space stations.

Boeing's 737 Max 10 certification delayed due to a software issue in flight control systems, according to the FAA. Boeing is working to resolve the problem, but no new timeline has been provided. Airlines like WestJet, United, and Delta are affected, potentially altering fleet plans. This is the latest setback for Boeing, which faces ongoing production and regulatory challenges.

NASA announced Boeing's Starliner spacecraft will conduct an uncrewed test flight to the ISS in late 2024 and a crewed mission in 2028. Starliner has faced multiple setbacks, including helium leaks and thruster failures. NASA and Boeing have addressed these issues, with Starliner-1 and Starliner-2 planned for future flights. NASA will invest $359 million in spacecraft upgrades and Vulcan Centaur certification.

Boeing's 737 Max 10 certification delayed due to a cockpit software issue, affecting deliveries to major airlines. The FAA is assessing the glitch, which may also impact Max 7 deliveries. Boeing is working on a solution, but the delay could affect its recovery and profitability plans. The Max 10 represents a third of Boeing's outstanding orders, with 1,500 orders from global airlines.

Boeing's (BA) stock fell sharply, marking its worst day in 1.5 years, after reports that the FAA delayed certification of the 737 Max 10. The Max 10 represents about 30% of Boeing's undelivered 737 orders, with around 1,400-1,500 orders placed. BA stock is down 15% year-to-date. Retail traders on Stocktwits maintained a bullish sentiment despite the news.