All verified mentions of this organization in source documents.
Astra stated that the timing of paid commercial launches currently scheduled for 2024 will depend on the results of Rocket 4 test flights.
Astra delivered four Astra Spacecraft Engine electric thrusters in the second quarter and forecasts delivering 8 to 12 thrusters in the third quarter.
Astra forecasted an adjusted EBITDA loss of $25,000,000 to $29,000,000 in the third quarter and ending the quarter with $15,000,000 to $20,000,000 of cash and equivalents on hand.
Astra announced a strategic reallocation that transferred 50 people from its launch vehicle group to its spacecraft propulsion units and laid off about 70 other employees.
Astra announced an 2023-08-04 loan that will provide the company with $10,800,000.
Astra reported 2023-08-14 revenue of $700,000 in the second quarter and an adjusted EBITDA loss of $33,100,000.
Astra plans to sell up to $65,000,000 in Astra stock in an at-the-market transaction announced in July.
The layoffs will reduce Astra's expenses by more than $4,000,000 per quarter starting in the fourth quarter.
Astra described the loan and planned stock sale as providing time to seek strategic investors for its businesses.
Two TROPICS cubesats were lost in a June 2022 Astra Rocket 3.3 launch failure.
NASA awarded a contract to Rocket Lab to launch the remaining four TROPICS satellites after the Astra Rocket 3.3 failure.
Astra Space announced on 2023-07-10 a plan to sell up to $65,000,000 in stock through an at-the-market offering.
Astra Space’s expected second-quarter 2023 cash of $26,000,000 to $26,500,000 was below its May 2023 forecast of $30,000,000 to $33,000,000.
Astra Space reported 278 orders to date for the Astra Spacecraft Engine with an overall value of $77,000,000.
Astra Space provisionally expected between $500,000 and $1,000,000 in revenue in the second quarter of 2023.
Astra Space laid off about 25% of its workforce on 2023-08-04.
Astra Space secured a $12,500,000 loan from an unnamed institutional investor and expected net proceeds of $10,800,000 after fees and expenses.
Astra Space planned a 1-for-15 reverse stock split to raise its stock price above $1 per share and avoid delisting from the Nasdaq exchange.
Astra Space designated the $10,800,000 net loan proceeds for working capital and general company expenses.
Astra Space expected to finish the second quarter of 2023 with $26,000,000 to $26,500,000 in cash and equivalents on hand.