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After Astra Loses 99% of Its Value, Founders Take Rocket Firm Private
Astra Space, a California-based rocket company, has announced it will go private at a valuation significantly lower than its $2.1 billion debut in 2021. The company's market value is about $13 million at current levels. The company's co-founders, Chris Kemp and Adam London, will acquire all outstand...
Astra Space, a California-based rocket company, has announced it will go private at a valuation significantly lower than its $2.1 billion debut in 2021. The company's co-founders, Chris Kemp and Adam London, will acquire all outstanding shares at $0.50 each, well below the current trading price of $0.80. The company's future remains uncertain as it navigates a competitive small launch market, with SpaceX's Transporter missions offering lower prices by launching dozens of satellites simultaneously on its Falcon 9 booster.
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