Astra Space Inc (ASTR)

[Sinvests]

“California-based Astra is a startup that makes small rockets to send satellites into orbit. “This transaction takes us a step closer to our mission of improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet,” said Chris Kemp, founder, chairman and CEO of Astra, in an SEC filing.

Last month, Astra made its initial launch into space with its Rocket 3.2 vehicle launched from Kodiak, Alaska. It will begin delivering customer payloads this summer and initiate monthly launches by the end of this year.

The firm has more than 50 launches booked among about a dozen private and public customers, including NASA and the U.S. Department of Defense. It has booked over $150 million of contracted launch revenue. Astra says its rocket is capable of carrying up to 100 kilograms to low Earth orbit, for a price of $2.5 million for a dedicated launch.

Once the Astra Space SPAC merger is completed, Astra said it will become the first publicly traded space launch company on the Nasdaq Exchange, trading as ASTR stock. The deal is expected to provide Astra with up to $500 million in cash proceeds, including $200 million in a PIPE round led by BlackRock (NYSE:BLK).”


https://www.google.ca/amp/s/investorplace.com/2021/02/hol-stock-holicity-shares-rocket-on-astra-space-spac-merger/amp/