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Astra has won orders for 278 Astra Spacecraft Engines with a total contracted value of $77,000,000.
Astra reported an adjusted EBITDA loss of $36,600,000 in the fourth quarter of 2022.
Most of the 278 ordered Astra Spacecraft Engines are scheduled for delivery in 2023 and 2024.
After the first launch carrying two TROPICS cubesats failed, Astra retired the Rocket 3.3 vehicle, forcing NASA to select a new launch provider for the remaining satellites.
Astra Space, Inc. announced an evolution of its management team to improve program execution.
Astra Space is opening a new production facility in Sunnyvale, California devoted to manufacturing Astra Spacecraft Engines.
Astra Space reported an adjusted net loss of $45,200,000 and an adjusted EBITDA loss of $41,400,000 for the quarter.
The workforce reductions are intended to allow Astra Space to ramp up deliveries of its Astra Spacecraft Engine electric thrusters and develop Launch System 2 while stretching funding well into 2024.
The layoffs are the first Astra Space has taken since the company went public in mid-2021.
Astra Space reported a net loss of $199,100,000 for the quarter, including $133,400,000 in impairment charges.
Astra became the fastest privately funded U.S. company to reach orbit using a series of Rocket 3.3 launches.
Astra raised almost $500,000,000 through its July 2021 public listing.
Astra has launched four rockets, two of which successfully delivered a total of 23 satellites to orbit.
Astra went public through a SPAC merger in mid-2021 and received a Nasdaq delisting warning on 2022-10-07 because its shares had traded below $1 for more than 30 days.
Astra delivered its first commercial launch to low Earth orbit 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 reached its first commercial launch to low Earth orbit five years after the company was founded in 2016.
Astra recorded a net loss of $82,300,000 and negative adjusted earnings before interest, taxes, depreciation and amortization of $48,400,000 in the second quarter.
Astra has achieved orbit on two of six launch attempts, including a November 2021 launch that reached orbit carrying only an instrumentation package that remained attached to the upper stage.
In March 2022 Astra successfully deployed customer satellites to orbit.