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Astra Space expects a substantial majority of its 278 Astra Spacecraft Engine orders to be delivered by the end of 2024.
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 acquired technology from startup Apollo Fusion in 2021 that underpins the Astra Spacecraft Engine electric thruster.
ASTRA 1 Sports was leveraged for more than 1,500 events delivered to hundreds of feed takers.
Telefonica Broadcast Services leverages ASTRA 1 Sports to deliver events including the World Padel Tour and the Valencia Marathon.
The ASTRA 1 Sports platform was leveraged to deliver more than 1,500 events to hundreds of feed takers since launch.
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 Board approved the stock split on 2023-07-06.
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’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 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 expects to raise approximately $65,000,000 (€58.9 million) through the stock split process.
Astra Space’s Rocket 3.3 vehicle launched in June 2022 but failed shortly after launch.
Astra Aether from Germany won the Most Professional Team award at the 2023 European CanSat Competition.
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.
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 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.
Nasdaq granted Astra Space a 180-day extension on 2023-04-10.
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.
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.