A company that has been out of the limelight for a while, Astra is quietly getting itself ready to re-emerge as a hopeful commercial launch contender. But should we even expect to see Astra rockets fly again?
Expand Expanding Close
On Thursday, Astra announced its deal to be taken private by its founders and long time investors, closed, effectively removing it as a publicly traded company. Its new parent company, Apogee Parent LLC, will purchase all of its outstanding stock and all stock it doesn’t own.
Expand Expanding Close
The two founders of Astra Space, Chris Kemp and Adam London, have sent a proposal to the company’s board to take it private with a $30 million valuation. This comes about a week into the search for new funds before its bridge loan comes due on November 17.
Expand Expanding Close
Starting today Astra Space shares are live on the NASDAQ after merging with the special purpose acquisition company Holicity. Astra planes to use the money to grow their rocket production facilities and team.
Expand Expanding Close