Deals
Boeing Spins Off Venture Capital Arm as It Trims Costs
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Boeing Co. is spinning off its HorizonX Ventures arm, along with stakes in about 40 portfolio companies, as the planemaker shrinks its infrastructure for a post-Covid world.
The Chicago-based planemaker dissolved an internal investing unit, known as NeXt, last fall as it pared spending and retreated from several ambitious forays launched late last decade before the 737 Max grounding and coronavirus pandemic drained more than $30 billion in cash.