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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.