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Chris Kemp, founder of Astra, worked as a consultant for Planet before founding his own company.
Wild Wild Space profiles several space startups, including Astra, Planet, and Rocket Lab.
The first stage booster for the SES ASTRA 1P mission previously launched Ax-2, Euclid, Ax-3, CRS-30, and four Starlink missions.
Astra struggled to get its rockets flying, which is depicted in Wild Wild Space.
$500,000 of Astra’s cash and cash equivalents were restricted under terms of a customer contract until the company starts delivering thrusters to that customer, with deliveries currently scheduled for November.
Astra reported an operating loss of $24,400,000 for the first quarter of 2024.
In a delayed quarterly filing with the U.S. Securities and Exchange Commission on 2024-05-29, Astra scheduled relocation of its satellite propulsion manufacturing facility in Sunnyvale, California to its headquarters in Alameda, California by the end of the third quarter of the year.
Astra announced in 2022 that it would open a Sunnyvale facility for its Astra Spacecraft Engine electric propulsion systems.
The Sunnyvale facility for Astra’s electric propulsion systems opened in March 2023.
Astra announced a deal in March to take the company private for $0.50 per share led by company co-founders Chris Kemp and Adam London.
Astra acquired Apollo Fusion in 2021 and offers the Astra Spacecraft Engine electric propulsion systems.
Astra experienced financial difficulty and in March 2024 announced plans to go private after considering bankruptcy.
Astra was identified as the propulsion supplier that was struggling to deliver electric propulsion systems for Terran Orbital.
Astra informed the U.S. Securities and Exchange Commission on 2024-05-14 that it would not be able to submit quarterly financial results on time while it works to complete the go-private transaction and arrange additional financing.
SES will launch the ASTRA 1P satellite later in 2024 to reinforce the 19.2 degrees East video neighbourhood.
Astra has raised $13,900,000 since the end of December according to its Form 10-K filing.
By mid-January the Astra board decided to simultaneously plan for a Chapter 7 bankruptcy filing while negotiating a deal to take the company private.
Chris Kemp and Adam London submitted a revised, far lower offer to take Astra private while offering $300,000 to avert an immediate furlough of the company’s employees.
Astra announced plans on 2024-03-07 to go private in a deal with the company’s founders.
Astra produced 34 Astra Spacecraft Engines to date for eight customers, with 10 of those thrusters on spacecraft now in orbit.