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Embattled Astra scores DOD contract to develop point-to-point cargo delivery from space

Don’t count out Astra Space just yet. The company, which was taken private again earlier this year for a sliver of its former value, has landed a new

The company, which was taken private again earlier this year for a sliver of its former value, has landed a new contract with the Defense Innovation Unit (DIU) to support the development of a next-gen launch system for time-sensitive space missions. The new funding is a sign that not everyone has lost faith in Astra, a startup that went public in 2021 at a $2.1 billion valuation with lofty ambitions of mass producing small, cheap rockets capable of executing hundreds of missions per year. The saga culminated in March when the company announced that the board had accepted an offer from cofounders Chris Kemp and Adam London to purchase the remaining Astra stock at a price of just $0.50 per share.

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