Astra buys space tug company that builds electric engines
Capitalism in space: The smallsat rocket company Astra announced today that it has brought Apollo Fusion, a space tug company that builds electric engines designed to move satellites from orbit to orbit.
Astra is purchasing Apollo Fusion for $30 million in stock and $20 million in cash in a deal announced June 7. The deal includes an additional $95 million in earn-out incentives if Apollo Fusion reaches certain technical and revenue milestones. Astra will incorporate Apollo Fusion’s Apollo Constellation Engine electric propulsion systems in satellite buses the company is developing to provide an integrated solution to customers.
Astra however has still not completed its first orbital flight. Its last test launch, in December 2020, almost reached orbit but did not. Company officials are now saying the next launch will be this summer, followed by monthly launches in the fall.
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Capitalism in space: The smallsat rocket company Astra announced today that it has brought Apollo Fusion, a space tug company that builds electric engines designed to move satellites from orbit to orbit.
Astra is purchasing Apollo Fusion for $30 million in stock and $20 million in cash in a deal announced June 7. The deal includes an additional $95 million in earn-out incentives if Apollo Fusion reaches certain technical and revenue milestones. Astra will incorporate Apollo Fusion’s Apollo Constellation Engine electric propulsion systems in satellite buses the company is developing to provide an integrated solution to customers.
Astra however has still not completed its first orbital flight. Its last test launch, in December 2020, almost reached orbit but did not. Company officials are now saying the next launch will be this summer, followed by monthly launches in the fall.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Impressive numbers on specific impulse for their ACE Max Hall Effect thruster on the Apollo Fusion company website. They also are doing some nuclear propulsion work, but not much is known on that.
I did have to look up Astra, there are two space companies with that name, one in California and the other in Europe. I did follow Bob’s link and it is the rocket company out of California. According to Astra’s website, they are going public on NASDAQ.