I love the people they have on the side of satellite technology.
Here are my issues:
1) R&D and rocket assembly in Alameda, Ca - that is fine but the launch site is in Koaiak, Alaska. I understand the logic - you can send a barge with your rockets up there fairly cheap but that is a horribly inhospitable environment to work in. Closer to the equator would be better.
2) From what I understand Astra has never made it to orbit. They tried last year and failed.
3) There is a thing they call cubes. Cubes are exactly that and they measure 10cm on each side. Tiny satellites. It is sort of a beginners package for rocket people. They have a contract from USA to deliver 6 of them.
So we have a company that has not even made it to orbit yet.
The question you have to ask is will they survive.
Add to that the fact that Rocket Labs is sucking all the cash up. They have launch sites in Delaware and New Zealand. They have a proven track record, have retrieved boosters and are scaling up.
What is the bull case for Astra and its SPAC HOL?
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