Astra Space, the launch company that went public in 2021 at a $2.1 billion valuation, is going private again after months of burning cash and failing to secure alternate investment. The company announced Thursday that its board had accepted an offer fr…
Astra founders Chris Kemp and Adam London have proposed taking the company private, with the two saying they would acquire all the outstanding stock themselves, according to a filing with the U.S. Securities and Exchange Commission Thursday. Kemp, who …
Astra has been thrown a critical lifeline in the form of new debt financing, which provides the company with a little more time to find funding to stave off catastrophe. The company said on Monday that it had closed $13.4 million in initial debt financ…
While traditional giants like Northrop Grumman and United Launch Alliance continue to contribute to space exploration with decades of experience, a new wave of ambitious and pioneering companies is rising.Read more…
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