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Astra Space, Inc. - $ASTR STOCK NEWS

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

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.

Rhea-AI Summary
Astra Space has reallocated its workforce from Launch Services to Astra Spacecraft Engines to support its growing customer base and order backlog. The company has announced 278 cumulative committed orders of the Astra Spacecraft Engine, representing $77 million of contract value. Astra has also reduced its overall workforce by approximately 25% and engaged PJT Partners as its financial advisor for future financing activities.
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0.24%
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Rhea-AI Summary
Astra Space has been awarded a launch contract add-on for Rocket 4's first test flight with the U.S. Department of Defense. Rocket 4 is designed for a payload capacity of 600 kilograms to a 500 km mid-inclination orbit. The first launch will test the operations of Launch System 2 and ensure Rocket 4's compatibility with future DoD missions.
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-9.51%
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Rhea-AI Summary
Astra Space, Inc. announces Q1 2023 financial results and business highlights. They have reduced quarterly cash burn by $8 million in Q1 and expect to reduce it by an additional $7 to $10 million in Q2. They entered into an $11.45 million contract with the United States Space Force for a launch on Rocket 4. Astra also entered into a contract with Apex Technologies, Inc. to provide 5 Spacecraft Propulsion Kits.
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-9.51%
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-0.24%
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4.95%
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Astra Space, Inc.

Nasdaq:ASTR

ASTR Rankings

ASTR Stock Data

14.08M
16.61M
2.75%
18.42%
7.24%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
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