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About Astra
Industries
Aerospace
Company Size
201-500
Company Stage
IPO
Headquarters
Alameda, California
Founded
2016
Overview
Astra provides launch services specifically for small satellites, catering to commercial businesses, government entities, and research organizations that need reliable access to space. The company operates small, agile rockets designed to transport these satellites into low Earth orbit (LEO). Astra's approach focuses on making satellite launches more affordable and straightforward, which helps attract a wider range of customers. Unlike many competitors, Astra emphasizes cost-effectiveness and efficiency in its services, aiming to simplify the process of getting satellites into space. The company's goal is to enhance accessibility to space for various applications, including Earth observation, telecommunications, and scientific research.
Simplify's Take
What believers are saying
- Increased demand for small satellite launches due to IoT and 5G technologies.
- Growing interest in space tourism creates new opportunities for launch service providers.
- Collaboration with government agencies opens new funding and partnership opportunities.
What critics are saying
- Going private may limit Astra's access to public capital markets.
- High-interest convertible note indicates potential financial strain.
- Focus on Rocket Four development could strain resources and divert attention.
What makes Astra unique
- Astra offers cost-effective launch services for small satellite payloads.
- The company focuses on agile rockets for frequent and flexible launch options.
- Astra provides online reservations for payload deliveries to various orbits.
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Funding
Total Funding
$607.7M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Competitive Medical (HMO & PPO)/Dental/Vision plans
Company paid Short Term Disability and Long Term Disability plans
401K with company match
Flexible Spending Account
Commuter benefits
Caregiving support benefits
Company perks, like PetPlan, curated gym/travel/products discounts
Free lunch
Company events
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↑ 0%Alameda, CA - March 21, 2025 - Astra announced today that Dr. Alan Weston has joined the company as Head of Launch Program, bringing decades of leadership in space launch, missile systems, and national defense to deliver the world's most mobile and manufacturable launch system.
Making this change helps accelerate product development, with Astra officially announced last May at I/O 2024.
Astra is raising a $50M capital round to support the development of its launch vehicle, dubbed Rocket Four, CEO Chris Kemp told Payload.
Astra Space goes private: Co-founders acquire all Class A shares for $0.50 each. Delisting from Nasdaq and reporting suspension follow. Learn about the transaction's impact and Astra's future plans post-privatization.
Astra Space (NASDAQ:ASTR) secured $500k in financing through a 12.0% Senior Secured Convertible Note due 2025 sold to Chenel Capital Partners LLC. The transaction closed on July 5, 2024, under a Securities Purchase Agreement first dated August 4, 2023. Net proceeds are approximately $490k. The note is convertible into Class A common stock and matures on November 15, 2025. Astra Space may issue additional notes up to $11.4 million. The shares are subject to a registration statement due by August 1, 2024.
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About Astra
Industries
Aerospace
Company Size
201-500
Company Stage
IPO
Headquarters
Alameda, California
Founded
2016
There are no jobs for Astra right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Astra