Astra’s Cash Reserves Wane, Seeks Strategic Investors

Astra shifts resources to spacecraft thruster production as it seeks strategic investors

Astra, a space launch startup, has announced a strategic reallocation of its workforce, focusing on spacecraft thruster production instead of launch vehicle development. The company is actively seeking strategic investors to provide longer-term support. Despite reporting revenue of $0.7 million in the second quarter, Astra suffered an adjusted EBITDA loss of $33.1 million. The company’s cash and equivalents stand at $26.3 million, prompting the need for additional resources.