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Astra Space Inc - ASTR STOCK NEWS

Welcome to our dedicated news page for Astra Space (Ticker: ASTR), a resource for investors and traders seeking the latest updates and insights on Astra Space.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Astra Space's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Astra Space's position in the market.

News
Goldhirsh Foundation Names Groundbreaking All-Female Investment Committee
Rhea-AI Summary
The Goldhirsh Foundation announces an all-female investment committee, a first for an organization of its size. The committee members bring diverse experience from finance, real estate, food, and philanthropy sectors. The Foundation, with a $60 million endowment, has shifted to 100% mission-aligned investing. Female-inclusive investment committees have shown 27% higher value creation. The Foundation invests in funds and enterprises focusing on human potential and wellness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
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none
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News
Astra Space, Inc. to be Taken Private
Rhea-AI Summary
Astra Space, Inc. (ASTR) has entered a definitive merger agreement for the Parent to acquire all shares not already owned for $0.50 per share. The Special Committee of the Board of Directors unanimously recommended the transaction, with the closing expected in the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.09%
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none
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News
Astra Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Astra Space, Inc. (Nasdaq: ASTR) announced its Q3 2023 financial results, including deliveries of 8 Astra Spacecraft Engines™ and signing two new customer contracts totaling $11.7 million. The GAAP Net Loss was $29.7 million, with Adjusted Net Loss at $27.4 million and Adjusted EBITDA Loss at $24.7 million. Cash and Cash Equivalents totaled $13.9 million, with Restricted Cash at $5.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
Tags
earnings
News
Astra Announces Closing of Additional Debt Financing and Waiver of Previously Announced Defaults
Rhea-AI Summary
Astra Space, Inc. has closed an initial financing with affiliates of two early investors, JMCM Holdings LLC and Sherpa Venture Funds II, LLP, for a total investment amount of approximately $13.4 million. The financing includes the purchase of senior secured notes and associated warrants, a loan to Astra and its subsidiaries, and the sale of warrants to purchase shares of Astra's Class A Common Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.56%
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none
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News
Astra to Report Third Quarter 2023 Financial Results on November 13th, 2023
Rhea-AI Summary
Astra Space to report Q3 2023 financial results and host webcast
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
Tags
conferences earnings
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News
Astra Cures Bid Price Deficiency and Regains Compliance with Nasdaq Listing Standards
Rhea-AI Summary
Astra Space regains compliance with Nasdaq's minimum bid price requirement.
Rhea-AI Impact
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End-of-Day
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News
Astra Space, Inc. Announces Reverse Stock Split
Rhea-AI Summary
Astra Space announces 1-for-15 reverse stock split for Class A and Class B common stock, effective on September 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.15%
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none
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News
Astra Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
Astra Space, Inc. (ASTR) announced its financial results for Q2 2023, with a focus on the Astra Spacecraft Engines business. They reallocated personnel to increase production and test capacity. The Launch Services business will continue to develop Rocket 4 and fulfill launch contracts. Astra also closed a Senior Secured Notes offering and reduced operating expenses. Q2 financial highlights include a GAAP Net Loss of $14.0 million and adjusted EBITDA Loss of $33.1 million. In Q3, they expect to deliver 8 to 12 Astra Spacecraft Engines and have an adjusted EBITDA loss of $25.0 to $29.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
earnings
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News
Astra to Host Conference Call on August 7, 2023
Rhea-AI Summary
Astra Space, Inc. (Nasdaq: ASTR) will host a conference call to discuss recent events via a webcast on August 7, 2023. The webcast can be accessed on Astra's Investor Relations website.
Rhea-AI Impact
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End-of-Day
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conferences
News
Astra Secures $12.5 Million Senior Secured Note Financing
Rhea-AI Summary
Astra Space, Inc. (NASDAQ: ASTR) has closed a registered issuance of $12.5 million aggregate principal amount of senior secured notes and warrants to an institutional investor. The Notes bear interest at 9.0% per annum, mature on November 1, 2024, and are secured by a first priority security interest in all of the assets of Astra and its subsidiaries. The Warrants are immediately exercisable at an exercise price of $0.45 per Share, subject to certain adjustments and will expire on August 4, 2028. Net proceeds from the offering were approximately $10.8 million. Astra intends to use the net proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Stock ASTR logo
Astra Space Inc

Nasdaq:ASTR

ASTR Rankings

#5239 Ranked by Market Cap
#5483 Ranked by Stock Gains
N/A Ranked by Dividends

ASTR Stock Data

13.17M
16.61M
2.75%
18.42%
7.24%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States
Alameda

About ASTR

we are on a mission to launch a new generation of space services to observe, connect and improve life on earth. are you an engineer, hacker, maker, or physicist who has always dreamed of building rockets? come help us build the hardware and launch the services that will open the frontier of space to the next generation of entrepreneurs. contact renford freemantle, head of recruiting to learn more! renford@astraspace.com