Astra Space Inc Stock Price, News & Analysis

Astra Space, Inc. (NASDAQ: ASTR) has secured a contract with LeoStella LLC to provide multiple spacecraft engines for their satellites. Deliveries are set to begin later this year. LeoStella specializes in cost-effective satellite design and manufacturing, and Astra's engines will enhance their operational capabilities. The engines are praised for their reliability and performance, supporting the growing demand for small satellites. Astra's mission focuses on affordable launch services and improving life on Earth through space technology.

Astra Space, Inc. (Nasdaq: ASTR) reported its financial results for Q4 and the full year 2021, highlighting a net loss of $(51.3) million for Q4. The company achieved significant milestones, successfully launching 22 satellites and securing its first paid commercial orbital launch.

Astra's backlog reached $160 million, with $325 million in cash and cash equivalents as of December 31, 2021. The company anticipates growth opportunities, especially with a $300 million contract from NASA over five years.

Astra Space, Inc. (NASDAQ: ASTR) has rescheduled its fourth quarter and 2021 year-end earnings announcement to March 31, 2022, after market close. The company anticipates that its financial results will meet or exceed prior guidance, with cash and equivalents around $325 million as of December 31, 2021. Astra's filing status has changed from non-accelerated filer to large accelerated filer, affecting the due date for the Annual Report. This change also indicates Astra is no longer classified as an emerging growth company.

Astra Space, Inc. (NASDAQ: ASTR) will have its Founder, Chairman, and CEO, Chris Kemp, participate in a fireside chat at BofA Securities' STAARS Summit Conference on March 20, 2022, at 8:30 p.m. ET. The event will be hosted by analyst Ron Epstein and will be available through a live webcast and replay on Astra's investor relations website. Astra aims to improve life on Earth through affordable orbital launch services, having made history by delivering its first commercial payload into orbit in 2021, just five years after its founding.

Astra Space, Inc. (NASDAQ: ASTR) has announced a multi-launch contract with Spaceflight Inc., enhancing its launch services until 2025. The first launch, Spaceflight's Astra-1, is set for March 14, 2022, from Kodiak, Alaska, potentially shifting to March 15. This collaboration allows Spaceflight to offer more launch opportunities and brings Astra a steady stream of satellite customers. Astra’s cost-effective launch services aim to improve access to space, aligning with its mission to elevate life on Earth through space technology.

Astra Space, Inc. (NASDAQ: ASTR) announced that Founder, Chairman, and CEO Chris Kemp will participate in two events at Deutsche Bank’s Media, Internet & Telecom Conference on March 14, 2022. The events include the Deutsche Bank Space Panel at 9:35 a.m. ET and a fireside chat at 1:35 p.m. ET, hosted by analyst Edison Yu. Live webcasts and replays will be available on Astra's investor relations website. Astra aims to enhance life on Earth through low-cost orbital launch services, having achieved a significant milestone by delivering its first commercial payload in 2021.

Astra Space, Inc. (NASDAQ: ASTR) will announce its fourth-quarter financial results for the period ending December 31, 2021, after market close on March 17, 2022. A live webcast will follow at 1:30 PM PT (4:30 PM ET) on the same day to discuss the results. Astra aims to enhance life on Earth via space solutions and has achieved a significant milestone by becoming the fastest company to deliver a commercial payload into orbit, just five years post-establishment in 2016. For further information, visit Astra’s Investor Relations website.

Astra Space (NASDAQ: ASTR) has been awarded a five-year, $300 million IDIQ contract from NASA under the VADR Launch Services initiative. This contract allows for the rapid acquisition of launch services for scientific payloads, with launches possible within 12-24 months from task order issuance. This news enhances Astra's partnership with NASA, following already contracted launches for this year. Astra, known for its low-cost launches, aims to provide affordable access to space to meet NASA's evolving science and technology needs.

Astra Space, Inc. (NASDAQ: ASTR) announced the completion of the redemption of all outstanding public and private warrants. On December 27, 2021, holders of 9,413,895 public and 5,333,333 private warrants opted to receive 0.2560374 shares of Class A common stock per warrant instead of the redemption price of $0.10. A total of 586,075 public warrants went unexercised, leading to a total redemption cost of $58,607.50. Following this, the public warrants ceased trading on the Nasdaq Capital Market, which did not impact the trading of the company’s Class A common stock.