Author Topic: Astra Space  (Read 395361 times)

Offline TrevorMonty

Re: Astra Space
« Reply #880 on: 11/11/2022 01:16 pm »
If Firefly can survive all the crap it went through, major lawsuits and a restructuring and abandoning aerospikes and then having war in Ukraine force their main owner to liquidate their shares... nearly dying at least twice before reaching orbit, I don't think we can totally write-off Astra already.

Firefly is arguably a lot more valuable than Astra. Not only do they have a bigger rocket but they have presumably good engines and a lunar lander with a NASA contract.
Neither are guarantees of viability (e.g. Masten also had a CLPS contract and plenty of well tested engines).
Financially Firefly is in better position as their owners AE Industrial Partners have access too lot more capital it needed. They also have relationship with NG who don't want to build Antares Version 4 because Firefly disappeared. 

Offline trimeta

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Re: Astra Space
« Reply #881 on: 11/11/2022 03:42 pm »
If Firefly can survive all the crap it went through, major lawsuits and a restructuring and abandoning aerospikes and then having war in Ukraine force their main owner to liquidate their shares... nearly dying at least twice before reaching orbit, I don't think we can totally write-off Astra already.

Firefly is arguably a lot more valuable than Astra. Not only do they have a bigger rocket but they have presumably good engines and a lunar lander with a NASA contract.
Neither are guarantees of viability (e.g. Masten also had a CLPS contract and plenty of well tested engines).
Financially Firefly is in better position as their owners AE Industrial Partners have access too lot more capital it needed. They also have relationship with NG who don't want to build Antares Version 4 because Firefly disappeared.
Sure, but this wasn't the case for Firefly back in 2017. I think the idea is "Firefly was able to recover from there to where they are today, so Astra could recover from their present situation too."

Although personally, I think any such recovery will entail abandoning launch plans and basically just becoming Apollo Fusion again.

Offline catdlr

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Re: Astra Space
« Reply #882 on: 11/13/2022 01:27 pm »
Astra's Rocket 4 - New launch system explained

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Offline FutureSpaceTourist

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Re: Astra Space
« Reply #883 on: 12/02/2022 02:38 pm »
https://twitter.com/tgmetsfan98/status/1598702119422287873

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Perhaps the most notable part of this announcement is that former chief engineer and executive VP of operations and engineering, Benjamin Lyon, has resigned from the company:

twitter.com/astra/status/1598681323866329089

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Astra promotes senior leadership to management team:

https://astra.com/news/senior-leaders-to-management-team/

https://twitter.com/astra/status/1598681325250445318

Quote
We are incredibly grateful to @benjaminblyon for his stewardship in taking Astra to orbit, and helping build a world-class engineering and operations organization.

Offline FutureSpaceTourist

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Re: Astra Space
« Reply #884 on: 12/02/2022 03:44 pm »
https://twitter.com/thesheetztweetz/status/1598718233502273536

Quote
I spoke to Astra CEO Chris Kemp for more on the company's management changes:

"Putting the team that was reporting to [Lyon] under me basically flattens the entire thing, and just allows us to execute faster."

https://www.cnbc.com/2022/12/02/astra-chief-engineer-benjamin-lyon-resigns-from-rocket-builder.html

Offline FutureSpaceTourist

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Re: Astra Space
« Reply #885 on: 12/02/2022 05:48 pm »
https://twitter.com/benjaminblyon/status/1598746738986098688

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Astra has been an incredible place to grow one of the most talented engineering & operations teams I’ve ever worked alongside. I’m beyond grateful to have been a part of the journey and to the entire crew for what we’ve accomplished. #AdAstra

Offline Michel Van

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Re: Astra Space
« Reply #886 on: 12/11/2022 10:56 am »
ASTRA shares drop in one year from $8.78 down to $0.45

https://www.finanznachrichten.de/chart-tool/aktie/astra-space-inc.htm

Offline Celeste_El

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Re: Astra Space
« Reply #887 on: 01/02/2023 08:15 pm »
As of this post, the company has 91 days to get the stock price above 1$ for 10 days to avoid being delisted. This most likely isn't going to happen on its own so, in the coming months, expect a pretty substantial reverse split to raise the stock price to avoid a delist. However, I wouldn't expect the company to take this sitting down as their stock is ultimately their primary source of raising capital through stock sales and dilution.

Pure speculation but I expect another "tech day" ordeal or something similar prior to the reverse split to drive up the price to minimize the damage a reverse split will do.

A helpful counter to delist:
https://newspaceeconomy.ca/2022/12/22/astra-space-inc-countdown-to-delisting-astr-astraspace/
« Last Edit: 01/02/2023 08:18 pm by Celeste_El »

Offline harrystranger

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Re: Astra Space
« Reply #888 on: 01/08/2023 11:17 am »
Bing maps continues their trend of having more recent pictures than Google maps
Google now has imagery of the Atwater test stand from April 2022.
https://www.google.com/maps/@37.35844,-120.55958,456m/data=!3m1!1e3

Offline FutureSpaceTourist

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Re: Astra Space
« Reply #889 on: 01/11/2023 04:35 pm »
https://twitter.com/astra/status/1613214907608227843

Quote
As we head into 2023, we're taking a look back at everything the team accomplished in 2022: 


Offline Celeste_El

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Re: Astra Space
« Reply #890 on: 03/05/2023 05:57 pm »
Less than a month to delist.

Offline trimeta

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Re: Astra Space
« Reply #891 on: 03/06/2023 04:40 am »
Less than a month to delist.
They're going to just reverse stock split, there's no reason not to and no penalties for doing so. Well, other than "NASDAQ doesn't like repeated use of reverse stock splits to stay listed," so this trick can't be used forever, but it certainly can be used at least once.

Offline TrevorMonty

Re: Astra Space
« Reply #892 on: 03/06/2023 08:49 am »
Less than a month to delist.
They're going to just reverse stock split, there's no reason not to and no penalties for doing so. Well, other than "NASDAQ doesn't like repeated use of reverse stock splits to stay listed," so this trick can't be used forever, but it certainly can be used at least once.
This works by combining 2 shares into 1 share. In theory those 2x $1 shares become a 1x$2 share. At least for a day until market revalues it, most likely downwards in this case.

Online niwax

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Re: Astra Space
« Reply #893 on: 03/06/2023 09:39 am »
Less than a month to delist.
They're going to just reverse stock split, there's no reason not to and no penalties for doing so. Well, other than "NASDAQ doesn't like repeated use of reverse stock splits to stay listed," so this trick can't be used forever, but it certainly can be used at least once.
This works by combining 2 shares into 1 share. In theory those 2x $1 shares become a 1x$2 share. At least for a day until market revalues it, most likely downwards in this case.

The bigger issue is that, as of last September, they had $67 million in cash and were burning $40-55 million a quarter. Consider that the Apollo Fusion takeover was valued at up to $145 million and Astra as a whole trades $145.37 million, that shows you what the rest of the business is worth.
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Offline Robotbeat

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Re: Astra Space
« Reply #894 on: 03/06/2023 01:05 pm »
Their satellite division probably has a good future providing propulsion for megaconstellations that aren’t Starlink.
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Offline FutureSpaceTourist

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Re: Astra Space
« Reply #895 on: 03/06/2023 08:54 pm »

Offline jketch

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Re: Astra Space
« Reply #896 on: 03/07/2023 06:38 am »
It does not strike me as encouraging that they are releasing earnings the day before the legal deadline.

https://www.securexfilings.com/sec-deadlines/#:~:text=10%2DK%3A%20Due%20Friday%2C,Year%20Ended%2001%2F31%2F23

Offline Ken the Bin

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Re: Astra Space
« Reply #897 on: 03/11/2023 03:56 am »
Investor Press Release: Astra Investigates Potential Illegal Short Selling

Quote from: Astra
Company Engages ShareIntel to Assist in Identifying Irregular Trading Behavior

ALAMEDA, Calif.--(BUSINESS WIRE)--Mar. 10, 2023-- Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced that it is taking steps to proactively review stockholder ownership of Astra’s Class A common stock in an effort to identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail any such activity.

As part of its ongoing corporate governance efforts, Astra has engaged ShareIntel-Shareholder Intelligence Services, LLC (“ShareIntel”) to assist with this review and analysis. ShareIntel’s service offerings will provide Astra with access and insight into broker-dealer, clearing firm and stockholder position movement that are designed to help coordinate, monitor and enhance corporate governance, stockholder communication, regulatory compliance and surveillance of trading in Astra’s shares.

“Astra remains committed to protecting our investors and maximizing stockholder value,” said Chris Kemp, Astra Founder, Chairman, and CEO. “Partnering with ShareIntel will allow Astra to track share ownership, monitor any irregular trading behavior, and take appropriate measures, if necessary.”

David Wenger, President and Chief Executive Officer of ShareIntel, stated, “We look forward to helping Astra Space, Inc. identify parties to potential illegal naked short selling and assist to implement action plans to address any such activity.”

Offline russianhalo117

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Re: Astra Space
« Reply #898 on: 03/11/2023 04:11 am »
Investor Press Release: Astra Investigates Potential Illegal Short Selling

Quote from: Astra
Company Engages ShareIntel to Assist in Identifying Irregular Trading Behavior

ALAMEDA, Calif.--(BUSINESS WIRE)--Mar. 10, 2023-- Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) today announced that it is taking steps to proactively review stockholder ownership of Astra’s Class A common stock in an effort to identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail any such activity.

As part of its ongoing corporate governance efforts, Astra has engaged ShareIntel-Shareholder Intelligence Services, LLC (“ShareIntel”) to assist with this review and analysis. ShareIntel’s service offerings will provide Astra with access and insight into broker-dealer, clearing firm and stockholder position movement that are designed to help coordinate, monitor and enhance corporate governance, stockholder communication, regulatory compliance and surveillance of trading in Astra’s shares.

“Astra remains committed to protecting our investors and maximizing stockholder value,” said Chris Kemp, Astra Founder, Chairman, and CEO. “Partnering with ShareIntel will allow Astra to track share ownership, monitor any irregular trading behavior, and take appropriate measures, if necessary.”

David Wenger, President and Chief Executive Officer of ShareIntel, stated, “We look forward to helping Astra Space, Inc. identify parties to potential illegal naked short selling and assist to implement action plans to address any such activity.”
Grasping for air in a vacuum environment is my take.

Online Blackjax

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Re: Astra Space
« Reply #899 on: 03/14/2023 02:26 am »
Quote
As of March 10, 2023, the Company’s cash is held on deposit with SVB. The cash represents approximately 15% of the Company’s current cash, cash equivalents and marketable securities.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1814329/000119312523068581/d276604d8k.htm

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