Quote from: imprezive on 11/10/2022 03:18 pmQuote from: Robotbeat on 11/10/2022 01:50 amIf 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).
Quote from: Robotbeat on 11/10/2022 01:50 amIf 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.
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.
Quote from: edzieba on 11/10/2022 03:40 pmQuote from: imprezive on 11/10/2022 03:18 pmQuote from: Robotbeat on 11/10/2022 01:50 amIf 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.
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:
Astra promotes senior leadership to management team:
We are incredibly grateful to @benjaminblyon for his stewardship in taking Astra to orbit, and helping build a world-class engineering and operations organization.
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."
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
Bing maps continues their trend of having more recent pictures than Google maps
As we head into 2023, we're taking a look back at everything the team accomplished in 2022:
Less than a month to delist.
Quote from: Celeste_El on 03/05/2023 05:57 pmLess 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.
Quote from: trimeta on 03/06/2023 04:40 amQuote from: Celeste_El on 03/05/2023 05:57 pmLess 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.
Astra to report Q4 2022 earnings on March 30, 2023 at 1.30pm PT / 4.30pm ET: https://investor.astra.com/news-releases/news-release-details/astra-report-fourth-quarter-2022-financial-results-march-30th/Live webcast will be available at: https://investor.astra.com/investor-relations/ $ASTR
Company Engages ShareIntel to Assist in Identifying Irregular Trading BehaviorALAMEDA, 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.”
Investor Press Release: Astra Investigates Potential Illegal Short SellingQuote from: AstraCompany Engages ShareIntel to Assist in Identifying Irregular Trading BehaviorALAMEDA, 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.”
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.