Rocket startup Astra wins $44 million development contract to build its Rocket-4
Having shut down its smaller Rocket-3 rocket operations and then almost going bankrupt, the startup Astra is apparently coming back from the dead, having won a $44 million military development contract to build its larger Rocket-4 rocket.
Chris Kemp, Astra’s chief executive, said in an interview the company intends to leverage its contract with the Defense Innovation Unit to demonstrate point-to-point delivery of about 1,300 pounds of cargo using Rocket 4. The military for years has expressed interest in using rockets for rapid deployment of critical supplies to remote locations, complementing traditional transportation methods.
The company now claims it will do the first test launch of Rocket-4 in 2026.
When the company’s stock valuation dropped so much in 2022 and was on the verge of shutting down, Kemp and a team of investors purchased that stock and took the company private. Since then it has mostly focused on building attitude thrusters for satellites. Whether this new contract is enough to get this new rocket off the ground remains a big unknown.
Having shut down its smaller Rocket-3 rocket operations and then almost going bankrupt, the startup Astra is apparently coming back from the dead, having won a $44 million military development contract to build its larger Rocket-4 rocket.
Chris Kemp, Astra’s chief executive, said in an interview the company intends to leverage its contract with the Defense Innovation Unit to demonstrate point-to-point delivery of about 1,300 pounds of cargo using Rocket 4. The military for years has expressed interest in using rockets for rapid deployment of critical supplies to remote locations, complementing traditional transportation methods.
The company now claims it will do the first test launch of Rocket-4 in 2026.
When the company’s stock valuation dropped so much in 2022 and was on the verge of shutting down, Kemp and a team of investors purchased that stock and took the company private. Since then it has mostly focused on building attitude thrusters for satellites. Whether this new contract is enough to get this new rocket off the ground remains a big unknown.