Astra

Provides launch services for small satellites

Alameda, California, United States

About Astra

Astra provides launch services specifically for small satellites, catering to commercial businesses, government agencies, and research institutions that need reliable access to space. The company operates small, agile rockets designed to transport these satellites into low Earth orbit (LEO). Astra's approach focuses on making space more accessible by reducing the costs and complexities associated with satellite launches, which allows a wider range of customers to utilize their services. Unlike many competitors, Astra emphasizes efficiency and cost-effectiveness in its operations, aiming to meet the growing demand for satellite-based services such as Earth observation and telecommunications. The company's goal is to facilitate more frequent and affordable satellite launches, thereby expanding opportunities for various applications in the space industry.

Alameda, CaliforniaHeadquarters
2016Year Founded
$291.8MTotal Funding
IPOCompany Stage
AerospaceIndustries
201-500Employees

Benefits

Competitive Medical (HMO & PPO)/Dental/Vision plans
Company paid Short Term Disability and Long Term Disability plans
401K with company match
Flexible Spending Account
Commuter benefits
Caregiving support benefits
Company perks, like PetPlan, curated gym/travel/products discounts
Free lunch
Company events

Risks

Going private may limit Astra's access to public capital markets.
Astra faces financial instability due to liquidity crunch and high cost of capital.
Intensifying competition in the small satellite launch market could impact Astra's market share.

Differentiation

Astra offers cost-effective launch services for small satellite payloads.
The company focuses on agile rockets for frequent access to space.
Astra provides online reservations for payload deliveries to various orbits.

Upsides

Growing demand for small satellite constellations aligns with Astra's business model.
U.S. government investment in space technology presents contract opportunities for Astra.
Astra's reusable rocket technology could lead to significant cost reductions.

Funding

Total raised$291.82 M
Latest valuation$2.10 B
StageIPO
POST IPO EQUITY
1/31/2024
$4
SPAC IPO
6/30/2021
$275
$2.10 B
SPAC PRIVATE PLACEMENT
6/30/2021
$200
$2.10 B