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What to know about Astra, the rocket builder going public via a SPAC

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Rocket 3.2 launches from Kodiak, Alaska.

Astra / John Kraus

Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025.

CEO Chris Kemp spoke to CNBC this month about the company’s plans for its upcoming cash infusion.

Once Astra closes its merger with Holicity, a special purpose acquisition company, the venture expects it will have as much as $500 million in capital on hand.

That includes a previously unreported $30 million funding round that the rocket builder closed prior to announcing its SPAC deal.

Astra, based in Alameda, California, raised the smaller round to help it “go faster” while…



Source cnbc.com

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