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Astra Space, Inc. - ASTR STOCK NEWS

Welcome to our dedicated page for Astra Space news (Ticker: ASTR), a resource for investors and traders seeking the latest updates and insights on Astra Space stock.

Astra Space, Inc. (Symbol: ASTR) is a pioneering technology company committed to advancing space services with a mission to launch a new generation of space services to observe, connect, and improve life on Earth. The company operates in two primary business segments: Launch Services and Space Products.

The Launch Services segment focuses on providing rapid, global, and affordable launch services to satellite operators and governments. This is achieved through a mobile orbital launch system that aims to democratize access to space by reducing the cost and complexity of satellite launches. Astra's launch services are designed to be flexible and responsive to the needs of a wide range of clients, offering a reliable platform for sending payloads into orbit.

The Space Products segment is centered around the innovative Astra Spacecraft Engine products. This business line involves designing and delivering space products tailored to the specific requirements of customers to ensure successful satellite launches and operations. Key revenues for Astra Space are generated from this segment, highlighting its significance in the company's overall business model.

One of Astra Space's recent achievements includes the development and deployment of the Astra Spacecraft Engine, which has garnered positive attention for its efficiency and reliability. The company is continuously working on new projects to enhance its service offerings and broaden its market reach.

Astra Space has also formed strategic partnerships with various organizations and governments to further its mission. These collaborations are crucial for fostering innovation and expanding the scope of the company's services.

Financially, Astra Space has shown resilience and adaptability, with a focus on growth and sustainability. The company is actively seeking talented individuals, including engineers, hackers, makers, and physicists, who have a passion for building rockets and contributing to the future of space exploration. Interested candidates can contact Renford Freemantle, Head of Recruiting, at renford@astraspace.com.

Stay updated with the latest developments and news on Astra Space, Inc., as they continue to push the boundaries of space technology and services.

News

Astra Space, Inc. Announces Reverse Stock Split

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Astra Space announces 1-for-15 reverse stock split for Class A and Class B common stock, effective on September 14, 2023.
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Astra Announces Second Quarter 2023 Financial Results

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Astra Space, Inc. (ASTR) announced its financial results for Q2 2023, with a focus on the Astra Spacecraft Engines business. They reallocated personnel to increase production and test capacity. The Launch Services business will continue to develop Rocket 4 and fulfill launch contracts. Astra also closed a Senior Secured Notes offering and reduced operating expenses. Q2 financial highlights include a GAAP Net Loss of $14.0 million and adjusted EBITDA Loss of $33.1 million. In Q3, they expect to deliver 8 to 12 Astra Spacecraft Engines and have an adjusted EBITDA loss of $25.0 to $29.0 million.
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Astra to Host Conference Call on August 7, 2023

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Astra Space, Inc. (Nasdaq: ASTR) will host a conference call to discuss recent events via a webcast on August 7, 2023. The webcast can be accessed on Astra's Investor Relations website.
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Astra Secures $12.5 Million Senior Secured Note Financing

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Astra Space, Inc. (NASDAQ: ASTR) has closed a registered issuance of $12.5 million aggregate principal amount of senior secured notes and warrants to an institutional investor. The Notes bear interest at 9.0% per annum, mature on November 1, 2024, and are secured by a first priority security interest in all of the assets of Astra and its subsidiaries. The Warrants are immediately exercisable at an exercise price of $0.45 per Share, subject to certain adjustments and will expire on August 4, 2028. Net proceeds from the offering were approximately $10.8 million. Astra intends to use the net proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
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Astra Optimizes Workforce to Support Sustainable Long-Term Business Plan

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Astra Space has reallocated its workforce from Launch Services to Astra Spacecraft Engines to support its growing customer base and order backlog. The company has announced 278 cumulative committed orders of the Astra Spacecraft Engine, representing $77 million of contract value. Astra has also reduced its overall workforce by approximately 25% and engaged PJT Partners as its financial advisor for future financing activities.
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Astra to Report Second Quarter 2023 Financial Results on August 14th, 2023

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Department of Defense Awards Astra New Launch Contract Add-on

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Astra Space has been awarded a launch contract add-on for Rocket 4's first test flight with the U.S. Department of Defense. Rocket 4 is designed for a payload capacity of 600 kilograms to a 500 km mid-inclination orbit. The first launch will test the operations of Launch System 2 and ensure Rocket 4's compatibility with future DoD missions.
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Astra Announces First Quarter 2023 Financial Results

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Astra Space, Inc. announces Q1 2023 financial results and business highlights. They have reduced quarterly cash burn by $8 million in Q1 and expect to reduce it by an additional $7 to $10 million in Q2. They entered into an $11.45 million contract with the United States Space Force for a launch on Rocket 4. Astra also entered into a contract with Apex Technologies, Inc. to provide 5 Spacecraft Propulsion Kits.
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Astra to Report First Quarter 2023 Financial Results on May 15th, 2023

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Astra Announces Spacecraft Engine Contract with Apex

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FAQ

What is the current stock price of Astra Space (ASTR)?

The current stock price of Astra Space (ASTR) is $0.539 as of July 17, 2024.

What is the market cap of Astra Space (ASTR)?

The market cap of Astra Space (ASTR) is approximately 12.2M.

What does Astra Space, Inc. do?

Astra Space, Inc. provides space services including satellite launch services and space products through their Launch Services and Space Products segments.

What are the main segments of Astra Space, Inc.'s business?

Astra Space, Inc.'s business is divided into two main segments: Launch Services, which offers rapid and affordable satellite launches, and Space Products, which designs and supplies spacecraft engines.

How does Astra Space generate revenue?

The primary source of revenue for Astra Space is the Space Products segment, which provides customized space products to customers for successful satellite launches.

What recent achievements has Astra Space accomplished?

Astra Space recently developed and deployed the Astra Spacecraft Engine, enhancing their reputation for efficiency and reliability in space products.

Who can I contact for job opportunities at Astra Space?

For job opportunities, you can contact Renford Freemantle, Head of Recruiting, at renford@astraspace.com.

What is the mission of Astra Space, Inc.?

Astra Space's mission is to launch a new generation of space services to observe, connect, and improve life on Earth.

What is the Astra Spacecraft Engine?

The Astra Spacecraft Engine is a key product in Astra Space's Space Products segment, designed for efficient and reliable satellite launches.

Does Astra Space have any strategic partnerships?

Yes, Astra Space has formed strategic partnerships with various organizations and governments to advance their mission and expand their service offerings.

What kind of professionals is Astra Space looking to recruit?

Astra Space is looking to recruit engineers, hackers, makers, and physicists with a passion for building rockets and advancing space technology.

How does Astra Space's Launch Services segment benefit customers?

Astra Space's Launch Services segment offers rapid, global, and affordable launch services, providing a flexible and reliable platform for satellite operators and governments.

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Astra Space, Inc.

Nasdaq:ASTR

ASTR Rankings

#5513 Ranked by Market Cap
N/A Ranked by Dividends

ASTR Stock Data

12.24M
18.71M
2.45%
20.33%
7.3%
Aerospace & Defense
Transportation Services
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United States of America
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