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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The layoffs are the first Astra Space has taken since the company went public in mid-2021.
Astra Space reported an adjusted net loss of $45,200,000 and an adjusted EBITDA loss of $41,400,000 for the quarter.
Astra Space is prioritizing higher reliability for Rocket 4 compared with the iterative approach taken with Rocket 3.
Astra Space is planning test launches of Rocket 4 in late 2023.
Astra Space completed the first design loop on Launch System 2, which features the Rocket 4 vehicle designed to place up to 600 kg into orbit.
Astra Space upgraded test infrastructure and designed tooling needed for building Rocket 4 vehicle structures.
Astra Space previously reduced staff in early 2020 after losing a Rocket 3 vehicle on the pad in Alaska during preparations for the DARPA Launch Challenge.
Astra Space reported a net loss of $199,100,000 for the quarter, including $133,400,000 in impairment charges.
Astra Space reached an agreement with Astroscale to provide Astra Spacecraft Engines for the ELSA-M spacecraft platform.
Astra acquired Apollo Fusion and its electric propulsion technology in 2021.
The agreement between Astra and Astroscale expands Astra’s customer base to Europe.
Astra Space received a NASDAQ warning on 2022-10-06 because its share price had been below $1 for 30 consecutive days.
Astra Space, Inc. reached an agreement with Astroscale Holdings Inc to provide Astra Spacecraft Engines for Astroscale’s ELSA-M space sustainability spacecraft platform on 2022-10-13.
Astra Space, Inc. (Nasdaq: ASTR) reached an agreement with Maxar Technologies (TSX: MAXR) on 2022-10-11 to supply Astra Spacecraft Engines.
Astra acquired Apollo Fusion in 2021.
Astra Space won a contract from Airbus OneWeb Satellites on 2022-08-29 to provide electric propulsion systems for the Arrow line of small satellites.
Astra Space, Inc. has been selected by Airbus OneWeb Satellites, LLC to supply the Astra Spacecraft Engine™ for integration into the Arrow commercial smallsats manufactured by Airbus OneWeb Satellites.
Astra has an agreement with B. Riley Principal Capital II to sell up to $100,000,000 in stock over the next two years.
Astra Space, Inc. contributes over $50,000,000 annually to the gross domestic product of Alameda.
Astra acquired Apollo Fusion last summer as an example of acquiring and productizing a core space technology.