Astra completes SPAC merger, goes public
Capitalism in space: Astra yesterday finalized its merger with the investment company Holicity and became the first launch company with stock publicly traded.
Today (June 30), the Bay Area launch startup completed its previously announced merger with Holicity, a special purpose acquisition company (SPAC) backed by Bill Gates and billionaire telecom pioneer Craig McCaw, among others. Astra will start trading on the Nasdaq Global Select Market Thursday (July 1), becoming the first launch company ever to do so — a milestone marked by Astra CEO Chris Kemp, who will ring Nasdaq’s opening bell in the morning.
The merger brings the company $500 million in cash.
Astra has not yet successfully completed an orbital launch, though it hopes to begin monthly launches before the end of the year. It has attempted two orbital test flights, with the second only failing to reach orbit because it ran out of fuel. It says it has contracts for 50 launches, and will ramp up to weekly launches next year.
Astra is one of five rocket companies that have announced they will do their first orbital flight in 2021. So far, none have done so.
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 print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
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: Astra yesterday finalized its merger with the investment company Holicity and became the first launch company with stock publicly traded.
Today (June 30), the Bay Area launch startup completed its previously announced merger with Holicity, a special purpose acquisition company (SPAC) backed by Bill Gates and billionaire telecom pioneer Craig McCaw, among others. Astra will start trading on the Nasdaq Global Select Market Thursday (July 1), becoming the first launch company ever to do so — a milestone marked by Astra CEO Chris Kemp, who will ring Nasdaq’s opening bell in the morning.
The merger brings the company $500 million in cash.
Astra has not yet successfully completed an orbital launch, though it hopes to begin monthly launches before the end of the year. It has attempted two orbital test flights, with the second only failing to reach orbit because it ran out of fuel. It says it has contracts for 50 launches, and will ramp up to weekly launches next year.
Astra is one of five rocket companies that have announced they will do their first orbital flight in 2021. So far, none have done so.
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 print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. 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
“only failing to reach orbit because it ran out of fuel”
Not making sure there is enough gas in the tank is a rather basic flaw…..reminds me of one my high school compadres with his dad’s car
Market closed: ASTR 4.5% increase at $12.90 a share.
Isn’t it usually the other way around? The high school kid brings the car back on fumes so the dad has to fill it up?
Col Beausabre wrote: “Not making sure there is enough gas in the tank is a rather basic flaw”
The problem with the second launch had to do with the fuel/oxidizer ratio rather than the total amount of gas in the tank:
https://behindtheblack.com/behind-the-black/points-of-information/astra-test-launch-almost-reaches-orbit/