Monday, 7 November 2022
19:36 PM (WIB)
Astra’s mission is to improve life on Earth from space® by creating a healthier and more connected planet. Today, Astra offers one of the lowest cost-per-launch dedicated orbital launch services of any operational launch provider in the world, and one of the industry’s first flight-proven electric propulsion systems for satellites, Astra Spacecraft Engine™. Astra delivered its first commercial launch to low Earth orbit in 2021, making it the fastest company in history to reach this milestone, just five years after it was founded in 2016. Astra (NASDAQ: ASTR) was the first space launch company to be publicly traded on Nasdaq.
Astra is the fastest privately-funded company in history to reach space, and the lowest cost dedicated access to space. With over 50 launches under contract, Astra will begin delivering customer payloads into orbit in the Summer of 2021, moving to monthly, biweekly, weekly, and daily launches by 2025.
For more detail about Astra Space, come and visit the website.
19:36 PM (WIB)
Astra’s mission is to improve life on Earth from space® by creating a healthier and more connected planet. Today, Astra offers one of the lowest cost-per-launch dedicated orbital launch services of any operational launch provider in the world, and one of the industry’s first flight-proven electric propulsion systems for satellites, Astra Spacecraft Engine™. Astra delivered its first commercial launch to low Earth orbit in 2021, making it the fastest company in history to reach this milestone, just five years after it was founded in 2016. Astra (NASDAQ: ASTR) was the first space launch company to be publicly traded on Nasdaq.
Astra is the fastest privately-funded company in history to reach space, and the lowest cost dedicated access to space. With over 50 launches under contract, Astra will begin delivering customer payloads into orbit in the Summer of 2021, moving to monthly, biweekly, weekly, and daily launches by 2025.
For more detail about Astra Space, come and visit the website.
Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm Space Capital said.
Decades-high inflation, rapidly rising interest rates, and the Ukraine war have roiled global financial markets, forcing investors to evaluate their investment strategies and focus on companies with viable products in the market.
Investments in space technology companies, which collect, process, and analyze space-related data, have fallen 80% in the third quarter to about $1 billion from nearly $5 billion in the year-earlier period, Space Capital said in a report.
"Venture Capitalists are refocusing on enterprise software-as-a-service companies and away from deep tech companies that provide solutions based on engineering innovation," New York-based Space Capital said.
VC investment volume in space companies fell 44%, compared with a broader market decline of 31%, it added.
VC firms "are looking to reduce their exposure to capital-intensive companies with low or long-term profitability models," Space Capital's managing partner, Chad Anderson, told Reuters.
"This is why space's infrastructure layer will be the hardest hit during the economic downturn."
The downbeat sentiment has also hit publicly traded "new space" companies such as Rocket Lab USA RKLB, Astra Space ASTR, Spire Global SPIR, and Satellogic Inc SATL, whose shares have fallen between 49% and 92%.
Many investors who explored aerospace last year have backed away, said William Kowalski, co-founder of Atomos Space, which makes spacecraft that help satellites maneuver in space.
"Fundraising has been challenging, but it has allowed more capital-efficient companies to stand out," he said.