Small launch startup Astra to go public at $2.1 billion valuation

Astra’s 3.2 rocket launching from Alaska | John Kraus/Astra

Astra plans to become the first small rocket maker to go public, the company announced Tuesday, after reaching space for the first time in December. It’ll become the second publicly traded space venture after Richard Branson’s Virgin Galactic.

The Northern California-based rocket firm’s “3.2” launch vehicle blasted to space for the first time in December from its Kodiak, Alaska launch site, a key test mission that “far exceeded our team’s expectations,” Astra CEO Chris Kemp told reporters at the time. The launch demo, though just barely missing orbit, propelled Astra into a small group of firms that have reached space.

The company has 50 customer launches lined up, and over $150 million of contracted launch revenue so far. Now, Astra is…

Continue reading…

Related Articles

Chinese tech giant Baidu reportedly plans to launch an AI chip company

Baidu is reportedly planning to launch a subsidiary AI chip firm, which could boost China‘s efforts to develop a domestic semiconductor industry. CNBC reports that the search giant is in talks with venture capital firms GGV and IDG Capital about investing in the venture. The company would sell chips to customers in various industries, including automakers, and could also support Baidu’s work on electric and autonomous vehicles. A source told CNBC that Baidu would likely be the majority shareholder of the subsidiary. [Read: How Polestar is using blockchain to increase transparency] The news comes as China pushes to strengthen its homegrown… This story continues at The Next Web


Your email address will not be published. Required fields are marked *

Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about chronicles from TreatMyBrand directly in your inbox