An Airbus A330neo aircraft flies during the inauguration of the 53rd International Paris Air Show at Le Bourget Airport near Paris, on June 17, 2019. (Photo by BENOIT TESSIER / POOL / AFP)
An Airbus A330neo aircraft flies during the inauguration of the 53rd International Paris Air Show at Le Bourget Airport near Paris, on June 17, 2019. (Photo by BENOIT TESSIER / POOL / AFP)
PHOTO: BENOIT TESSIER/AFP/AFP/Getty Images
Now playing
01:55
Airbus exploits Boeing's 737 Max woes
Members of the Michigan Boogaloo Bois an anti-government group stand with their long guns near the Capitol Building in Lansing, Michigan on January 17, 2021, during a nationwide protest called by anti-government and far-right groups supporting US President Donald Trump and his claim of electoral fraud in the November 3 presidential election. - The FBI warned authorities in all 50 states to prepare for armed protests at state capitals in the days leading up to the January 20 presidential inauguration of President-elect Joe Biden. (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images)
Members of the Michigan Boogaloo Bois an anti-government group stand with their long guns near the Capitol Building in Lansing, Michigan on January 17, 2021, during a nationwide protest called by anti-government and far-right groups supporting US President Donald Trump and his claim of electoral fraud in the November 3 presidential election. - The FBI warned authorities in all 50 states to prepare for armed protests at state capitals in the days leading up to the January 20 presidential inauguration of President-elect Joe Biden. (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images)
PHOTO: Seth Herald/AFP/Getty Images
Now playing
04:37
Expert: Social media to extremism is like oxygen to fire
PHOTO: @Virgin_Orbit
Now playing
01:03
Watch this rocket launch from the wing of a jumbo jet
WASHINGTON, DC - JUNE 22: Facebook
WASHINGTON, DC - JUNE 22: Facebook's Chief Operating Officer Sheryl Sandberg speaks with AEI president Arthur C. Brooks during a public conversation on Facebook's work on 'breakthrough innovations that seek to open up the world' at The American Enterprise Institute for Public Policy Research on June 22, 2016 in Washington, DC. (Photo by Allison Shelley/Getty Images)
PHOTO: Allison Shelley/Getty Images North America/Getty Images
Now playing
01:23
Hear Sandberg downplay Facebook's role in the Capitol riots
Passengers look out at American Airlines flight 718, a Boeing 737 Max, parked at its gate at Miami International Airport as people load for the flight to New York on December 29, 2020 in Miami, Florida. The Boeing 737 Max flew its first commercial flight since the aircraft was allowed to return to service nearly two years after being grounded worldwide following a pair of separate crashes. (Photo by Joe Raedle/Getty Images)
Passengers look out at American Airlines flight 718, a Boeing 737 Max, parked at its gate at Miami International Airport as people load for the flight to New York on December 29, 2020 in Miami, Florida. The Boeing 737 Max flew its first commercial flight since the aircraft was allowed to return to service nearly two years after being grounded worldwide following a pair of separate crashes. (Photo by Joe Raedle/Getty Images)
PHOTO: Joe Raedle/Getty Images
Now playing
03:15
Airlines & TSA boost security ahead of Inauguration
Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to US President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to US President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
PHOTO: Mandel Ngan/AFP/Getty Images
Now playing
03:14
Major GOP donor and casino magnate Sheldon Adelson dies
Democratic presidential candidate and former US Vice President Joe Biden speaks on the state of the US economy on September 4, 2020, in Wilmington, Delaware. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
Democratic presidential candidate and former US Vice President Joe Biden speaks on the state of the US economy on September 4, 2020, in Wilmington, Delaware. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
PHOTO: JIM WATSON/AFP/Getty Images
Now playing
02:02
Why Wall Street is hopeful about Biden despite economic challenges
Now playing
05:39
Ben & Jerry's calls for Trump's removal
This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. - Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. (Photo by Olivier Douliery/AFP/Getty Images)
This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. - Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. (Photo by Olivier Douliery/AFP/Getty Images)
PHOTO: Olivier Douliery/AFP/Getty Images
Now playing
03:49
Parler sues Amazon in response to being deplatformed
Panasonic
Panasonic's Augmented Reality Heads-up Display
PHOTO: Panasonic USA
Now playing
01:06
This tech gives drivers directions on the road in front of them
PHOTO: Wimkin
Now playing
03:18
The online warning signs of the violent Capitol siege
PHOTO: Twitter
Now playing
02:39
Twitter permanently suspends Donald Trump from platform
PHOTO: CNN
Now playing
03:56
'What are we supposed to do?': Rioter speaks to CNN reporter
President Donald Trump arrives to speak at a rally protesting the electoral college certification of Joe Biden as President, Wednesday, Jan. 6, 2021, in Washington. (AP Photo/Evan Vucci)
President Donald Trump arrives to speak at a rally protesting the electoral college certification of Joe Biden as President, Wednesday, Jan. 6, 2021, in Washington. (AP Photo/Evan Vucci)
PHOTO: Evan Vucci/AP
Now playing
01:38
Facebook blocks Trump through end of presidency
PHOTO: CNN
Now playing
02:56
CNN speaks to Trump supporters about Trump's election lies
NEW YORK, NY - JUNE 3: The Google logo adorns the outside of their NYC office Google Building 8510 at 85 10th Ave on June 3, 2019 in New York City. Shares of Google parent company Alphabet were down over six percent on Monday, following news reports that the U.S. Department of Justice is preparing to launch an anti-trust investigation aimed at Google. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - JUNE 3: The Google logo adorns the outside of their NYC office Google Building 8510 at 85 10th Ave on June 3, 2019 in New York City. Shares of Google parent company Alphabet were down over six percent on Monday, following news reports that the U.S. Department of Justice is preparing to launch an anti-trust investigation aimed at Google. (Photo by Drew Angerer/Getty Images)
PHOTO: Drew Angerer/Getty Images North America/Getty Images
Now playing
03:25
Google employee on unionizing: Google can't fire us all
(CNN Business) —  

In the nearer term, Blue Moon could get serious backing from NASA. The space agency has its sights set on returning astronauts to the lunar surface in 2024, and Blue Origin has already made a short list of companies who could help build a crew-worthy lunar lander.

The company said the money will be given to local nonprofits and community groups that will distribute the funds to the relatives of the 346 people who died. The money will be used to support education, including college tuition or other schooling expenses for children of victims, and “hardship or living expenses for impacted families,” Boeing (BA) said in statement.

The news was not well received by the relatives of victims who have sued the company, according to attorney Bob Clifford, who represents dozens of families affected by the March 2019 crash of a Boeing 737 Max in Ethiopia.

“This type of offer so early in the litigation process is unprecedented,” Clifford said in an emailed statement. “Because there is still so much to learn about what occurred, it also appears to be disingenuous.”

He criticized Boeing’s offer as “vague” and added that the families are less interested in cash than getting their loved ones’ remains from the crash site, which so far has been what he called an “tortuously slow” process.

A Boeing spokesperson said that people who accept funds from the $100 million compensation fund will not be required to give up the right to pursue legal action against the company. The spokesperson declined further comment on Boeing’s ongoing lawsuits.

Families of those killed in the 737 Max crashes hold up signs depicting their loved ones during a Congressional meeting last month.
Families of those killed in the 737 Max crashes hold up signs depicting their loved ones during a Congressional meeting last month.
PHOTO: Bill Clark/CQ-Roll Call Group/Getty Images

“We at Boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue to weigh heavily on our hearts and on our minds for years to come. The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort,” said Dennis Muilenburg, Boeing’s chairman, president and CEO.

Boeing’s 737 Max jets were grounded worldwide in March after one of the aircraft, flown by Ethiopian Airlines, crashed shortly after takeoff. It followed a crash in late 2018 of a 737 Max flown by Indonesian airline Lion Air.

The company is facing multiple lawsuits and federal investigations related to the 737 Max. The grounding has forced airlines to cancel hundreds of flights each week, and it’s not clear when the 737 Max, which is Boeing’s top-selling plane, will be cleared to fly again.

Boeing has pledged to deliver a software fix to address issues with its automatic safety features that were linked to both crashes. Experts had expected the jets to be back in the air in August — but those efforts were delayed after another potential problem with the 737 Max was discovered during testing, the company said last month.

The company’s earnings are expected to suffer at least until it resumes shipping the 737 Max to its airline customers. Boeing said in April that the ordeal has cost the company at least $1 billion, and expenses are expected to pile up as Boeing compensates airlines for the losses sustained by the flight cancellations and delays in receiving new 737 Max deliveries.

Still, Boeing is in a far better position than most companies to ride out the crisis. Its annual revenue topped $100 billion last year, and at the end of March the company had about $7.7 billion in cash on hand. Boeing stock is up nearly 10% so far in 2019.

CNN’s Chris Isidore and Gregory Wallace contributed to this report