Astra Space, Inc. is an American space company that aims to improve life on Earth from space. Initially an aerospace technology research firm, Astra shifted to developing launch vehicles and now focuses on providing dedicated orbital launch services and space products. They offer the Astra Spacecraft Engine™, an electric propulsion system for small satellites. Astra's customers include NASA, DARPA, Planet, Spire, and Spaceflight.
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Astra Space signed an agreement with lenders Roth Capital Partners under which it will sell up to $65,000,000 of the new shares at the going market rate.
Astra Space’s Board approved the stock split on 2023-07-06.
Astra Space expects to raise approximately $65,000,000 (€58.9 million) through the stock split process.
Astra Space plans the Rocket 4 vehicle to make a debut test flight dubbed 'Alpha' later 2023 and to be capable of carrying 600 kg into orbit.
Astra Space’s Rocket 3.3 vehicle launched in June 2022 but failed shortly after launch.
Astra Space’s Spacecraft Engines electric thruster division has orders to produce at least 278 products for specific clients and is planning to manufacture about 500 units annually.
Astra Space’s share price was $0.40 per share on 2023-07-10, representing a 97 percent decline from the company’s peak value in 2021-07-01.
Astra Space projected on an earnings call 2023-05-15 that it would end the second quarter with $30,000,000 to $33,000,000 of cash remaining.
Nasdaq granted Astra Space a 180-day extension on 2023-04-10.
Astra Space’s board approved a plan on 2023-07-10 for a 1-for-15 reverse stock split to occur no later than 2023-10-02.
Astra Space planned to consider both debt and equity options to raise additional cash while continuing work on Rocket 4.
On 2023-07-10, Astra Space planned to perform a reverse stock split and sell up to $65,000,000 of its stock.
Astra Space intends to use proceeds from the stock sale to develop its next-generation launch vehicle, Rocket 4, and to continue production of Astra Spacecraft Engine electric thrusters.
Nasdaq originally gave Astra Space 180 days starting in October 2022 to get its share price above $1 for at least 10 consecutive business days.
Astra Space shares closed 2023-07-10 at $0.402 per share, which would be $6.03 per share after a 1-for-15 reverse split.
Astra Space completed a merger with Holicity, a special-purpose acquisition company, shortly before its shares peaked in early July 2021 and began trading publicly on Nasdaq.
Astra Space signed a sales agreement with Roth Capital Partners to sell up to $65,000,000 of its stock in an at-the-market offering.
Astra Space, Inc. has been awarded a launch contract add-on for Rocket 4’s first test flight with the U.S. Department of Defense facilitated by the Defense Innovation Unit.
Astra Space, Inc. has been awarded a launch contract add-on for Rocket 4’s first test flight with the U.S. Department of Defense facilitated by the Defense Innovation Unit.
On 2023-05-16 Astra Space, Inc. was awarded a launch contract add-on for Rocket 4’s first test flight by the U.S. Department of Defense, facilitated by the Defense Innovation Unit.