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10 items- PRAstra Becomes the First Space Launch Company to Trade on NasdaqBusiness combination approved by shareholders Astra Space, Inc. ("Astra"), the fastest privately-funded U.S. company in history to reach space, and Holicity, Inc. (NASDAQ:HOL) ("Holicity"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Astra public. The transaction forms a publicly traded pure-play space company and is expected to start trading on the Nasdaq Global Select Market on July 1, 2021 under the new ticker symbol "ASTR" for Astra common stock and "ASTRW" for Astra warrants. Astra raised approximately $500 million in cash proceeds from the transaction to accelerate growth, expand its addressable market, and d
- PRHolicity Board Urges Stockholders to Vote TODAY in Support of Business Combination with Astra Space, Inc.Holicity Special Meeting of Stockholders Scheduled to Commence June 30 at 8:00 a.m. ET Holicity Inc. ("Holicity" or the "Company") (NASDAQ:HOL) issued the following statement to Holicity stockholders reiterating the Holicity Board of Directors' recommendation in favor of the transaction with Astra Space, Inc. ("Astra"), pursuant to the Business Combination Agreement, dated February 2, 2021, by and between Astra, Holicity and Holicity Merger Sub Inc, a wholly-owned subsidiary of Holicity (the "Business Combination Agreement"). Holicity Inc. is scheduled to hold a Special Meeting of Stockholders at 8:00 AM ET on June 30, 2021 to approve a business combination with Astra Space, Inc. We are a
- PRAstra Acquires Apollo Fusion to Reach New OrbitsALAMEDA, Calif.--(BUSINESS WIRE)--Astra, the fastest privately funded company in history to reach space, announced today its planned acquisition of Apollo Fusion in a transaction valued up to $145 million. Apollo Fusion manufactures a leading electric propulsion engine. This acquisition allows Astra to provide launch and space services beyond low Earth orbit (LEO), to medium Earth orbit, geosynchronous, and lunar orbits. “In addition to increasing Astra’s total addressable market for launch services, the acquisition of Apollo Fusion accelerates Astra’s ability to efficiently deliver and operate spacecraft beyond low Earth orbit,” said Astra Founder, Chairman, and CEO Chris Kemp.
- PRAstra Announces Multi-Launch Contract With PlanetExpanding payload capacity to 500 kg Astra, the fastest privately funded company in history to reach space, named Planet, the leading provider of global, daily satellite imagery and geospatial solutions, as a holder of a multi-launch contract, with plans to begin launching in the near future. Astra also shared plans to launch payloads up to 500kg to a 500 km, mid-inclination (50 degree) orbit. This capability expands the services Astra can deliver for mega constellations, small satellite companies, and government agencies. "Our business requires us to be able to reach space frequently, affordably, and reliably," said Will Marshall, Co-founder and CEO of Planet. "Astra is positioned to he
- PRAstra to Hold Investor Day on April 14, 2021ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space Inc. (“Astra”), the fastest privately-funded company in history to demonstrate orbital launch capability, today announced that it will host a virtual Investor Day on Wednesday, April 14, 2021 at 8:00 a.m. PT (11:00 a.m. ET). Astra and Holicity Inc. (Nasdaq: HOL), a special purpose acquisition company, announced a proposed business combination on February 2, 2021. The transaction is expected to be completed in the second quarter of 2021. Event: Astra 2021 Investor Day When: Wednesday, April 14th, 2021 Webcast Link: https://astra.com/investors/ Replay: A webcast replay will be available on the Investor Relations section of Astra’s websi
- PRAstra CEO to Participate in Upcoming Virtual Investor EventALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space Inc. (“Astra”), the fastest privately-funded company in history to demonstrate orbital launch capability, today announced that Chris Kemp, co-founder and CEO, will participate in the Canaccord Genuity 2nd Annual NewSpace Summit on March 30th, 2021. Chris will join the “Rising Stars of NewSpace” panel hosted by Ken Herbert, CG Space Analyst, with other space industry executives. Astra and Holicity Inc. (Nasdaq: HOL), a publicly-traded special purchase acquisition company, announced a proposed business combination on February 2, 2021. The transaction is expected to be completed in the second quarter of 2021. Canaccord Genuity 2nd Annual
- PRAstra CEO to Participate in Upcoming Virtual Investor EventALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space Inc. (“Astra”), the fastest privately-funded company in history to demonstrate orbital launch capability, today announced that Chris Kemp, co-founder and CEO, will participate in the BofA Securities Space, Transportation, Aviation, and Autos Research Summit (STAARS 2021). Astra and Holicity Inc. (Nasdaq: HOL), a publicly-traded special purchase acquisition company, announced a proposed business combination on February 2, 2021. The transaction is expected to be completed in the second quarter of 2021. BofA Securities Space, Transportation, Aviation, and Autos Research Summit (STAARS 2021) Presentation: Monday, March 22, 4:55 p.m. ET (1:
- PRAstra CEO to Participate in Upcoming Virtual Investor EventALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space Inc. (“Astra”), the fastest privately-funded company in history to demonstrate orbital launch capability, today announced that Chris Kemp, co-founder and CEO, will participate in the Roth Capital Partners 33rd Annual Growth Stock Conference. Astra and Holicity Inc. (Nasdaq: HOL), a publicly-traded special purchase acquisition company, announced a proposed business combination on February 2, 2021. The transaction is expected to be completed in the second quarter of 2021. Roth Capital Partners 33rd Annual Growth Stock Conference Presentation: Tuesday, March 16, 12:30 p.m. ET (9:30 a.m. PT) A Live Webcast, as well as replay, will be ava
- PRAstra CEO To Participate in Upcoming Virtual Investor EventsALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space Inc. (“Astra”), the fastest privately-funded company in history to demonstrate orbital launch capability, today announced that Chris Kemp, co-founder and CEO, will participate in two upcoming investor events. Astra and Holicity Inc. (Nasdaq: HOL), a publicly-traded special purchase acquisition company, announced a proposed business combination on February 2, 2021. The transaction is expected to be completed in the second quarter of 2021. Deutsche Bank 29th Annual Media, Internet & Telecom Conference Presentation: Wednesday, March 10, 10:00 a.m. ET (7:00 a.m. PT) Susquehanna One-on-One Technology Conference March 11, 2021 Live Webc
- PRAstra to Become the First Publicly Traded Space Launch Company on NASDAQ via Merger with HolicityALAMEDA, Calif.--(BUSINESS WIRE)--Astra, the fastest privately-funded company in history to demonstrate orbital launch capability, and Holicity Inc. (NASDAQ: HOL) (“Holicity”), a special purpose acquisition company (“SPAC”), today announced a definitive business combination agreement that will result in Astra becoming a publicly-traded company. The transaction reflects an implied pro forma enterprise value for Astra of approximately $2.1 billion. Upon closing, the transaction is expected to provide up to $500 million in cash proceeds, including up to $300 million of cash held in the trust account of Holicity and an upsized $200 million PIPE led by funds and accounts managed by Black