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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 (ASTR) drives innovation in affordable space access through next-generation launch systems and satellite services. This page serves as the definitive source for verified corporate announcements, financial disclosures, and operational developments.

Investors and industry observers will find timely updates including earnings reports, launch milestones, technology partnerships, and strategic initiatives. Our curated feed ensures equal relevance for technical experts tracking propulsion advancements and general audiences monitoring space sector trends.

All content undergoes rigorous verification against primary sources, prioritizing accuracy over speed. Bookmark this page for streamlined access to Astra's evolving role in democratizing space infrastructure through cost-effective orbital solutions.

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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Astra Space Inc

Nasdaq:ASTR

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ASTR Stock Data

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