The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.

Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.

The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.

Elon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose "petty" fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA's proposed $633,

SpaceX faces $633,009 fine from FAA for licensing violations, while Musk decries agency's focus on minor matters.

After SpaceX was hit with a proposed fine by federal regulators, Elon Musk is complaining that they should be focused on Boeing (BA) and leave his company alone.