Space venture company Astra received an estimated value of $2.1 billion after a successful rocket launch in December 2020. Astra is the second space venture company to be publicly traded, behind Richard Branson’s Virgin Galactic.
Founded four years ago by CEO Chris Kemp, Astra plans to reshape the way the world sees space travel, by offering smaller and more frequent launches.
The company’s goal is to create a multi-trillion dollar space industry and effectively promote a new economic sector.
The company has 50 customer launches lined up, and over $150 million in current contracted revenue.
Astra will enter into a merger with special purpose acquisition company Holicity incorporated to assist with its move to its initial public offering.
Holicity’s CEO, Craig McCaw. is expected to join Astra’s Board of Directors, and will allow Astra access to $500 million in liquid assets once the deal closes.
McCaw believes that “space provides an unmatched opportunity to benefit and enrich society.”
Astra’s ticker will be ASTR when the deal finalizes in the second quarter of 2021.
Chris Kemp, former NASA Chief Technology Officer and current CEO of Astra, took to Twitter earlier today. “@Astra’s public listing unlocks a new stage of acceleration – over the next 2-3 years, we will dramatically increase our launch schedule with the goal of daily launches by 2025.”
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