The roller coaster ride from over $2 billion valuation to less than $200 million…
Last updated December 23, 2022
October 2016
Astra Space Inc.
Astra was founded by Chris Kemp and Adam London.
July 2018
Rocket 1.0 Launch Fails
November 2018
Rocket 2.0 Launch Fails
August 2019
SpaceX Rideshare Program Disrupts Small Launcher Market
$1 million for 200 kg payload to LEO versus Astra’s $2.5 million for 100 kg
February 2020
At Astra, failure is an option
“We’re actually not shooting for 100% reliability.”
March 2020
Rocket 3.0 Launch Fails
September 2020
Rocket 3.1 Launch Fails
December 2020
NASA VCLS Demo 2
Astra is 1 of 3 companies selected by NASA to bid on NASA VCLS Demo 2 contracts.
December 2020
Rocket 3.2 Launch Fails
February 2021
NASA TROPICS Contract
$7.5 million contract for 3 launches
February 2021
Announces Plans to go Public
Astra will go public through a reverse merger with SPAC company Holicity, valuing the company at $2.1 billion.
April 2021
Astra Investor Day
Cash flow positive by 2024 without requiring any additional capital.
May 2021
Multi Launch Contract With Planet Lab
No details were shared relative to number of launches or value of the contract.
June 2021
July 2021
ASTR is Listed on Nasdaq
Astra is the first space launch and rocket company listed on Nasdaq.
August 2021
Rocket 3.3 Launch Fails
August 2021
Launch Contract With Spire
No details were shared relative to number of launches or value of the contract.
August 2021
Orbital Services Program Contract With Space Force
No details were shared relative to number of launches or value of the contract.
November 2021
November 2021
Why Astra stock is heading to the moon today
Investors cheer a smaller-than-expected loss and plans for a successful launch.
November 2021
Rocket 3.3 Successful Launch
December 2021
Kerrisdale Capital Report on Astra Space Inc. Published
Kerrisdale Capital Management published a report “Astra Space Inc. : Headed For Dis-Astra” during market hours on December 29, 2021. The report alleged a multitude of issues. On news of the report, Astra stock price dropped approximately 14% on December 29, 2021.
January 2022
NASA VADR Program
Astra is 1 of 13 companies selected by NASA to bid on venture class payload opportunities.
February 2022
Class Action Lawsuit Filed Against Astra
The Rosen Law Firm filed a Class Action Complaint For Violation Of The Federal Securities Laws against Astra on February 9, 2022.
February 2022
Rocket 3.3 Launch Failure
March 2022
FY 2021 Investor Update
Astra’s backlog increased to $160 million in 2021.
March 2022
Rocket 3.3 Successful Launch
March 2022
Multi Launch Contract With Spaceflight Inc.
No details were shared relative to number of launches or value of the contract.
April 2022
Spacecraft Engine Contract With Leostella
No details were shared relative to number of engines or value of the contract.
May 2022
May 2022
Astra Spacetech Day
Rocket 4.0 introduced, first launch forecast to be 3Q 2022.
June 2022
Rocket 3.3 Launch Failure
June 2022
The next 6 months may determine if Astra has a future or is relegated to the dustbin of history…
Astra is learning that space is hard. The company currently faces significant challenges to achieving profitability, including: technology, financial, business model, and legal. The next six months are critical for the company…
June 2022
July 2022
July 2022
Astra SWOT
Astra has more weaknesses and threats than strengths and opportunities.
August 2022
Commercial Launch Operations are Stopped
Astra cancels all future Rocket 3 launches. Astra is abandoning Rocket 3 and is focusing on Rocket 4 development.
August 2022
Why Astra Space Stock fell to Earth this week
Investors looking for good news are likely in for a long wait.
August 2022
Can Astra really compete with Rocket Lab?
In 2024, Astra hopes to have a rocket twice as big as Rocket Lab’s Electron – but only 1/20 the size of Rocket Lab’s new Neutron.
August 2022
ASTR Stock Drops Below $1 per Share
Astra is at risk of being delisted from Nasdaq.
August 2022
Spacecraft Engine Contract With Airbus OneWeb
No details were shared relative to volume or value of the contract.
September 2022
NASA Maintains Launch Contract With Astra
Terms changed to allow NASA to launch other, to be determined, payloads comparable to TROPICS.
October
2022
Rocket builder Astra Space receives delisting notice from NASDAQ
Astra has 180 days to raise their stock price above $1 or the company will be delisted from the NASDAQ stock exchange.
October
2022
Astra Announces Contract for Spacecraft Engines with Maxar
No details were shared relative to volume or value of the contract.
October
2022
Astra Announces Contract for Spacecraft Engines with Astroscale
No details were shared relative to volume or value of the contract.
October
2022
Astra announces they have over 200 firm orders (cumulative) for Astra Spacecraft Engines
No details were shared regarding sale price or delivery timeframe. Also, the orders are cumulative, i.e. total todate..
Assuming $250,000 ASP, this represents approximately $50 million in orders.
November
2022
3Q2022 Investor Update
Losing $45 million per quarter with only $150 million remaining at the end of 3Q – without additional cash Astra will run out of money by September 2023. 16% workforce reduction announced.
December
2022
Astra’s Chief Engineer Resigns
Astra’s Chief Engineer and Executive Vice President of Engineering and Operations resigned to pursue “other opportunities”.
December
2022
Rocket Lab Steps in to Fix Astra’s Mistakes
NASA awards remaining launches for TROPICS mission to Rocket Lab. Launches planned for 2023.
December
20, 2022
Astra’s stock price reaches all time low of $0.405 with a market capitalization of $109 million
April 4, 2023
Astra’s stock must have been at least $1 for at least 10 consecutive business days prior to April 4, 2023 in order to avoid being delisted on that date.
2023E
Rocket 4.0 First Launch
Astra has not provided specific timelines.
New Business Plan
Astra’s original business plan was based upon building inexpensive rockets, offering inexpensive launch to LEO, and daily launches. Astra has not provided any details on their new business plan and the path to profitability.
Commercial Launch Operations Resume
Astra has not provided specific timelines.
Cash Flow Positive
Astra has not provided timelines.
