Verified facts grounded in source documentation.
Astra won a contract from the Defense Innovation Unit worth up to $44,000,000 to support development of its Rocket 4 launch vehicle.
The DIU contract supports advancing and scaling production capabilities of Astra’s tactical launch system to achieve the prototype objective of launching Rocket 4 to orbit or suborbit from the United States, Australia, or other locations.
Astra reported an operating loss of $24,400,000 for the first quarter of 2024.
Astra had $9,400,000 in revenue in 2022 and a net loss of $411,400,000.
The 2024-04-08 projections included an assumption that Astra would raise $90,000,000 in the first quarter of 2024.
Astra has raised $13,900,000 since the end of December according to its Form 10-K filing.
Astra had nearly $3,900,000 in revenue for 2023 and a net loss of $178,400,000.
Astra sold $300,000 in convertible notes to founders Chris Kemp and Adam London, raising $275,000 for the company after fees.
Kemp and London anticipated raising $45,000,000 overall to take Astra private under the revised proposal.
In November, Kemp and London estimated needing to raise $60,000,000 to $65,000,000 to take Astra private at the $1.50-per-share price.
Astra described the 2023-11-06 initial financing as linked to a non-binding term sheet that the company announced on 2023-10-23 seeking to raise $15,000,000 to $25,000,000.
Astra Space raised $2,700,000 from investors through a subsequent financing disclosed in a filing with the U.S. Securities and Exchange Commission.
Astra secured $13,400,000 in initial financing on 2023-11-06 from JMCM Holdings LLC and Sherpa Ventures Fund II.
Astra Space released third-quarter financial results on 2024-11-16 reporting a net loss of $29,700,000 and revenue of $256,000.
On 2023-11-06 Astra raised $13,400,000 in interim financing from two investors as part of the proposed $15,000,000 to $25,000,000 financing round.
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 reported 2023-08-14 revenue of $700,000 in the second quarter and an adjusted EBITDA loss of $33,100,000.
Astra reported an adjusted EBITDA loss of $36,600,000 in the fourth quarter of 2022.
Astra projected an adjusted EBITDA loss of $37,000,000 to $41,000,000 for the first quarter of 2023.
Most of the 278 ordered Astra Spacecraft Engines are scheduled for delivery in 2023 and 2024.