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    Astra Announces Second Quarter 2023 Financial Results

    8/14/23 4:10:00 PM ET
    $ASTR
    Transportation Services
    Consumer Discretionary
    Get the next $ASTR alert in real time by email

    Astra Space, Inc. ("Astra") (NASDAQ:ASTR) today announced financial results for its second quarter ended June 30, 2023.

    Astra also announced on August 4, 2023 a strategic near-term prioritization of the Astra Spacecraft Engines™ business, including a reallocation of approximately 50 engineering and manufacturing personnel from Launch Services to Space Products, spanning both permanent and temporary reassignments to support specific customer programs and to increase Astra Spacecraft Engine™ production and test capacity through the end of the year.

    "We remain intensely focused on near-term deliveries of Astra Spacecraft Engines™ to our customers and have made difficult but necessary decisions to enable these efforts. I believe our existing organization can support a sustainable business going forward," said Chris Kemp, Founder, Chairman and CEO.

    Astra's Launch Services business will continue to focus on the development of Rocket 4 and servicing new and existing launch contracts, including the contracts announced earlier this year with the U.S. Space Force and Defense Innovation Unit, among others.

    In Q2 2023, Astra continued to closely manage its financial runway and evaluate strategic opportunities in support of a long-term sustainable growth strategy across both Space Products and Launch Services.

    "We were excited to announce on August 4, 2023 the closing of a Senior Secured Notes offering, which, when combined with our existing ATM, represents a broad financing strategy and demonstrates our ability to access the capital markets when needed. We also continue to reduce operating expenses, including a 52% decrease in G&A Expenses quarter over quarter. We expect additional savings of approximately $4 million per quarter starting in Q4 based on the strategic reallocation of resources announced earlier this month. As a result, we expect further reductions in quarterly cash burn throughout the remainder of the year," said CFO, Axel Martinez.

    Recent Business Highlights:

    • Announced the first 4 shipments of Astra Spacecraft Engines™ out of Sunnyvale spacecraft engine manufacturing facility
    • Announced the completion of approximately 77% of non-delivery customer milestones related to Astra Spacecraft Engines™
    • Completed the Service Readiness Review (SRR) for Astra's Space Force STP-29B mission
    • Announced the closing of a Senior Secured Notes facility offering and ATM program

    Second Quarter 2023 Financial Highlights:

    For the three months ended June 30, 2023:

    • GAAP Gross Profit was $0.3 million
    • GAAP Net Loss was $14.0 million
    • Adjusted Net Loss* was $33.7 million
    • Adjusted EBITDA Loss* was $33.1 million
    • Capital expenditures during the quarter totaled $3.2 million
    • Cash, cash equivalents and marketable securities totaled $26.3 million

    _________

    *Denotes Non-GAAP financial measure. Refer to "Explanation of Adjusted (or Non-GAAP) Financial Measures" later in this press release for reconciliation of GAAP to Non-GAAP financial measures.

    Third Quarter 2023 Outlook

    As of August 14, 2023, we are providing guidance for the third quarter 2023 based on current market conditions, our ongoing investments to scale our Space Products business and on the development of Launch System 2. We emphasize that the guidance is subject to various important cautionary factors referenced in the section entitled "Forward-Looking Statements" below and our annual report on Form 10-K for the year ended December 31, 2022, including risks and uncertainties associated with geopolitical conditions and their potential impact on our business as well as our ability to continue operating as a going concern.

    For the third quarter ending September 30, 2023, we currently expect:

    • Deliveries of 8 to 12 Astra Spacecraft Engines™,
    • Adjusted EBITDA loss* to be between $25.0 million and $29.0 million,
    • Basic shares outstanding to be between 280 million and 290 million shares,
    • Capital expenditures to be between $1.0 million and $2.0 million, and
    • Cash, cash equivalents and marketable securities to be between $15.0 million and $20.0 million

    _________

    In conjunction with this announcement, Astra will host a conference call for investors at 1:30 p.m. PT (4:30 p.m. ET) today to discuss second quarter 2023 results and our outlook for the third quarter ending September 30, 2023. The live webcast and a replay of the webcast will be available on the Investor Relations section of Astra's website: https://investor.astra.com/news-and-events/events-and-presentations.

    About Astra Space, Inc.

    Astra's mission is to Improve Life on Earth from Space® by creating a healthier and more connected planet. Astra pursues that mission through its Launch Services and Space Products businesses. Astra's Launch Services business offers one of the lowest cost-per-launch dedicated orbital launch services of any operational launch provider in the world. 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's Space Products business offers one of the industry's first flight-proven electric propulsion systems for satellites, the Astra Spacecraft Engine™. Astra Spacecraft Engines™ have extensive on-orbit flight heritage and are available as fully assembled units or as individual components in the Astra Propulsion Kit. Astra (NASDAQ:ASTR) was the first space launch company to be publicly traded on Nasdaq. Visit astra.com to learn more about Astra.

    Forward Looking Statements

    Certain statements made in this press release are "forward-looking statements". Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from Astra's expectations or projections, including the following factors, among others: (i) the failure to meet projected development, delivery and launch targets, including as a result of the decisions of governmental authorities or other third parties not within our control; (ii) changes in applicable laws or regulations; (iii) the ability of Astra to meet its financial and strategic goals, due to, among other things, competition and the reallocation of our resources to Astra Spacecraft EngineTM and its ability to continue operating as a going concern; (iv) the ability of Astra to pursue a growth strategy and manage growth profitability without additional funding; (v) the possibility that Astra may be adversely affected by other economic, business, and/or competitive factors; (vi) the ability to manage its cash outflows related to its business operations, (vii) the ability of Astra to develop its space services offering as part of its long-term business and growth strategy and (viii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Astra.

    Explanation of Non-GAAP (or Adjusted) Financial Measures

    This press release includes information about Adjusted Net Loss and Adjusted EBITDA (collectively the "non-GAAP financial measures"), all of which are non-GAAP financial measures. These non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S. generally accepted accounting principles and computational methods may differ from those used by other companies. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with Astra's condensed consolidated financial statements prepared in accordance with GAAP. Non-GAAP financial measures are reconciled to their most comparable GAAP measures in the table set forth in this release.

    We believe that both management and our investors benefit from referring to these non-GAAP financial measures in planning, forecasting and analyzing future periods. Specifically, our management uses these non-GAAP financial measures in planning, monitoring and evaluating our financial and operational decision making and as a means to evaluate period-to-period comparisons. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below.

    We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP measures, helps investors make comparisons between Astra and other companies in our industry. In making any comparisons to other companies in our industry, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

    We define Free Cash Flow as cash used in operating activities including cash used for capital expenditures.

    Adjusted Gross Loss differs from GAAP Gross Loss in that it excludes inventory and deferred launch cost write-downs related to discontinuance of production of our current version of launch system.

    Adjusted Net Loss differs from GAAP Net Loss in that it excludes the items excluded from Adjusted Gross Loss and the following items: (a) stock-based compensation, (b) loss on change in fair value of contingent consideration, (c) cash earnout compensation cost related to the acquisition of Apollo Fusion and (d) other special items. For the three months ended June 30, 2023, other special items primarily related to revenues from government research and development contracts and for the three months ended June 30, 2022, other special items primarily related to amortization of licensed intellectual property, employee COVID-19 testing expenses and payroll taxes.

    We define Adjusted EBITDA as Adjusted Net Loss, excluding the following items: (a) interest income, (b) loss on marketable securities and (c) depreciation and amortization. We are unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort.

    Astra Space, Inc.

     

    Condensed Consolidated Statement of Operations

     

    (Unaudited, in thousands, except per share data)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended

    June 30,

     

     

    Six Months Ended

    June 30,

     

     

    2023

     

     

    2022

     

     

    2023

     

     

    2022

     

    Revenues

     

     

     

     

     

     

     

     

     

     

     

    Launch services

    $

    -

     

     

    $

    1,988

     

     

    $

    -

     

     

    $

    5,899

     

    Space products

     

    707

     

     

     

    694

     

     

     

    707

     

     

     

    694

     

    Total revenues

     

    707

     

     

     

    2,682

     

     

     

    707

     

     

     

    6,593

     

    Cost of revenues

     

     

     

     

     

     

     

     

     

     

     

    Launch services

     

    -

     

     

     

    17,179

     

     

     

    -

     

     

     

    28,193

     

    Space products

     

    388

     

     

     

    266

     

     

     

    388

     

     

     

    266

     

    Total cost of revenues

     

    388

     

     

     

    17,445

     

     

     

    388

     

     

     

    28,459

     

    Gross loss

     

    319

     

     

     

    (14,763

    )

     

     

    319

     

     

     

    (21,866

    )

     

     

     

     

     

     

     

     

     

     

     

     

    Operating expenses

     

     

     

     

     

     

     

     

     

     

     

    Research and development

     

    24,395

     

     

     

    40,798

     

     

     

    55,477

     

     

     

    78,725

     

    Sales and marketing

     

    650

     

     

     

    4,636

     

     

     

    3,134

     

     

     

    9,400

     

    General and administrative

     

    7,580

     

     

     

    20,608

     

     

     

    23,262

     

     

     

    41,594

     

    (Gain) loss on change in fair value of contingent consideration

     

    (16,625

    )

     

     

    1,800

     

     

     

    (19,390

    )

     

     

    17,300

     

    Total operating expenses

     

    16,000

     

     

     

    67,842

     

     

     

    62,483

     

     

     

    147,019

     

    Operating loss

     

    (15,681

    )

     

     

    (82,605

    )

     

     

    (62,164

    )

     

     

    (168,885

    )

    Interest income

     

    384

     

     

     

    356

     

     

     

    1,714

     

     

     

    530

     

    Other income/(expense), net

     

    1,293

     

     

     

    (54

    )

     

     

    1,553

     

     

     

    339

     

    Loss before taxes

     

    (14,004

    )

     

     

    (82,303

    )

     

     

    (58,897

    )

     

     

    (168,016

    )

    Provision for income tax

     

    -

     

     

     

    -

     

     

     

    -

     

     

     

    -

     

    Net loss

    $

    (14,004

    )

     

    $

    (82,303

    )

     

    $

    (58,897

    )

     

    $

    (168,016

    )

     

     

     

     

     

     

     

     

     

     

     

     

    Basic and diluted loss per share

     

     

     

     

     

     

     

     

     

     

     

    Weighted average basic and diluted shares - Class A

     

    215,870

     

     

     

    209,022

     

     

     

    215,288

     

     

     

    208,570

     

    Loss per share

    $

    (0.05

    )

     

    $

    (0.31

    )

     

    $

    (0.22

    )

     

    $

    (0.64

    )

    Weighted average basic and diluted shares - Class B

     

    55,539

     

     

     

    55,539

     

     

     

    55,539

     

     

     

    55,539

     

    Loss per share

    $

    (0.05

    )

     

    $

    (0.31

    )

     

    $

    (0.22

    )

     

    $

    (0.64

    )

    Astra Space, Inc.

     

    Condensed Consolidated Balance Sheets

     

    (Unaudited, in thousands)

     

     

     

     

     

     

     

     

     

     

    June 30,

    2023

     

     

    December 31,

    2022

     

    Assets:

     

     

     

     

     

     

    Cash and cash equivalents

     

    $

    13,384

     

     

    $

    33,644

     

    Marketable securities

     

     

    12,935

     

     

     

    69,173

     

    Trade accounts receivables

     

     

    5,546

     

     

     

    5,327

     

    Inventories

     

     

    11,231

     

     

     

    4,142

     

    Prepaid and other current assets

     

     

    15,757

     

     

     

    13,496

     

    Total current assets

     

     

    58,853

     

     

     

    125,782

     

    Property, plant and equipment, net

     

     

    28,301

     

     

     

    24,271

     

    Right-of-use asset

     

     

    11,096

     

     

     

    12,813

     

    Intangible assets, net

     

     

    8,999

     

     

     

    10,132

     

    Other non-current assets

     

     

    1,847

     

     

     

    1,701

     

    Total assets

     

    $

    109,096

     

     

    $

    174,699

     

     

     

     

     

     

     

     

    Liabilities and Stockholders' Equity:

     

     

     

     

     

     

    Accounts payable

     

    $

    7,187

     

     

    $

    1,799

     

    Operating lease obligation, current portion

     

     

    3,797

     

     

     

    3,800

     

    Contingent consideration

     

     

    14,510

     

     

     

    33,900

     

    Accrued expenses and other current liabilities

     

     

    40,262

     

     

     

    42,043

     

    Total current liabilities

     

     

    65,756

     

     

     

    81,542

     

    Operating lease obligation, net of current portion

     

     

    7,548

     

     

     

    9,051

     

    Other non-current liabilities

     

     

    8,629

     

     

     

    1,796

     

    Total liabilities

     

     

    81,933

     

     

     

    92,389

     

     

     

     

     

     

     

     

    Total stockholders' equity

     

     

    27,163

     

     

     

    82,310

     

    Total liabilities and stockholders' equity

     

    $

    109,096

     

     

    $

    174,699

     

    Astra Space, Inc.

     

    Summary of Cash Flow Data

     

    (Unaudited, in thousands)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended

    June 30,

     

     

    Six Months Ended

    June 30,

     

     

     

    2023

     

     

    2022

     

     

    2023

     

     

    2022

     

    Cash used in

    operating activities

     

    $

    (33,489

    )

     

    $

    (43,588

    )

     

    $

    (69,488

    )

     

    $

    (91,862

    )

    Capital expenditures

     

     

    (3,192

    )

     

     

    (11,122

    )

     

     

    (8,223

    )

     

     

    (32,064

    )

    Free cash flow (non-GAAP)

     

    $

    (36,681

    )

     

     

    (54,710

    )

     

     

    (77,711

    )

     

     

    (123,926

    )

    Cash provided by (used in) investing activities

     

    $

    30,068

     

     

    $

    (13,964

    )

     

    $

    48,787

     

     

    $

    (129,647

    )

    Cash provided by financing activities

     

    $

    -

     

     

    $

    346

     

     

    $

    441

     

     

    $

    817

     

    Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

     

    (Unaudited, in thousands)

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended

    June 30,

     

     

    Six Months Ended

    June 30,

     

     

     

    2023

     

     

    2022

     

     

    2023

     

     

    2022

     

    Revenues

     

     

     

     

     

     

     

     

     

     

     

     

    Launch services

     

    $

    -

     

     

    $

    1,988

     

     

    $

    -

     

     

    $

    5,899

     

    Space products

     

     

    707

     

     

     

    694

     

     

     

    707

     

     

     

    694

     

    Total revenues

     

     

    707

     

     

     

    2,682

     

     

     

    707

     

     

     

    6,593

     

    Cost of revenues

     

     

     

     

     

     

     

     

     

     

     

     

    Launch services

     

     

    -

     

     

     

    17,179

     

     

     

    -

     

     

     

    28,193

     

    Space products

     

     

    388

     

     

     

    266

     

     

     

    388

     

     

     

    266

     

    Total cost of revenues

     

     

    388

     

     

     

    17,445

     

     

     

    388

     

     

     

    28,459

     

    GAAP gross loss

     

    $

    319

     

     

    $

    (14,763

    )

     

    $

    319

     

     

     

    (21,866

    )

    GAAP gross margin

     

     

    45

    %

     

     

    (550

    %)

     

     

    45

    %

     

     

    (332

    %)

    Inventory write-downs

     

     

    -

     

     

     

    10,200

     

     

     

    -

     

     

     

    10,200

     

    Deferred launch costs write downs

     

     

    -

     

     

     

    2,213

     

     

     

    -

     

     

     

    2,213

     

    Adjusted gross profit (loss)

     

    $

    319

     

     

    $

    (2,350

    )

     

    $

    319

     

     

    $

    (9,453

    )

    Adjusted gross margin

     

     

    45

    %

     

     

    (88

    %)

     

     

    45

    %

     

     

    (143

    %)

     

     

     

     

     

     

     

     

     

     

     

     

     

    GAAP net loss

     

    $

    (14,004

    )

     

    $

    (82,303

    )

     

    $

    (58,897

    )

     

    $

    (168,016

    )

    Stock-based compensation

     

     

    (2,112

    )

     

     

    12,791

     

     

     

    3,216

     

     

     

    29,832

     

    (Gain) loss on change in fair value of contingent consideration

     

     

    (16,625

    )

     

     

    1,800

     

     

     

    (19,390

    )

     

     

    17,300

     

    Apollo cash earnout compensation

     

     

    -

     

     

     

    1,242

     

     

     

    -

     

     

     

    2,575

     

    Inventory write downs

     

     

    -

     

     

     

    10,200

     

     

     

    -

     

     

     

    10,200

     

    Deferred launch costs write downs

     

     

    -

     

     

     

    2,213

     

     

     

    -

     

     

     

    2,213

     

    Other special items

     

     

    (967

    )

     

     

    1,088

     

     

     

    (1,185

    )

     

     

    2,781

     

    Adjusted net loss

     

    $

    (33,708

    )

     

    $

    (52,969

    )

     

    $

    (76,256

    )

     

    $

    (103,115

    )

    Interest income

     

     

    (384

    )

     

     

    (356

    )

     

     

    (1,714

    )

     

     

    (530

    )

    Accretion (amortization) of marketable securities

     

     

    (679

    )

     

     

    65

     

     

     

    (679

    )

     

     

    132

     

    Depreciation and amortization

     

     

    1,688

     

     

     

    4,858

     

     

     

    3,033

     

     

     

    7,633

     

    Adjusted EBITDA

     

    $

    (33,083

    )

     

    $

    (48,402

    )

     

    $

    (75,616

    )

     

    $

    (95,880

    )

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230814344467/en/

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    • Director Stanford Scott disposed of 1,947,084 shares and returned $7,547 worth of shares to the company (15,094 units at $0.50) (SEC Form 4)

      4 - Astra Space, Inc. (0001814329) (Issuer)

      7/22/24 5:00:27 PM ET
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    • Director Sherpaventures Fund Ii, Lp disposed of 1,882,582 shares (SEC Form 4)

      4 - Astra Space, Inc. (0001814329) (Issuer)

      7/22/24 4:59:19 PM ET
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    • Morcos Alexander disposed of $35,146 worth of shares (199,399 units at $0.18) (SEC Form 4)

      4 - Astra Space, Inc. (0001814329) (Issuer)

      7/22/24 4:41:42 PM ET
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    SEC Filings

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    • SEC Form 15-12G filed by Astra Space Inc.

      15-12G - Astra Space, Inc. (0001814329) (Filer)

      8/6/24 7:03:56 AM ET
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    • Amendment: SEC Form SC 13E3/A filed by Astra Space Inc.

      SC 13E3/A - Astra Space, Inc. (0001814329) (Subject)

      8/6/24 7:01:29 AM ET
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    • SEC Form 15-12G filed by Astra Space Inc.

      15-12G - Astra Space, Inc. (0001814329) (Filer)

      7/29/24 4:31:50 PM ET
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    • Astra to Report Third Quarter 2023 Financial Results on November 13th, 2023

      Astra Space, Inc. ("Astra") (NASDAQ:ASTR) will report financial results for its third quarter ended September 30, 2023, after market close on Monday, November 13, 2023. Astra will host a webcast at 1:30pm PT (4:30pm ET) on Monday, November 13, 2023, to discuss the results. The news release containing the financial results with a link to the live webcast and the webcast replay will be accessible at Astra's Investor Relations website: https://investor.astra.com/investor-relations. About Astra Space, Inc. Astra's mission is to Improve Life on Earth from Space® by creating a healthier and more connected planet. Astra pursues that mission through its Launch Services and Space Products bu

      10/19/23 4:05:00 PM ET
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      Transportation Services
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    • Astra Announces Second Quarter 2023 Financial Results

      Astra Space, Inc. ("Astra") (NASDAQ:ASTR) today announced financial results for its second quarter ended June 30, 2023. Astra also announced on August 4, 2023 a strategic near-term prioritization of the Astra Spacecraft Engines™ business, including a reallocation of approximately 50 engineering and manufacturing personnel from Launch Services to Space Products, spanning both permanent and temporary reassignments to support specific customer programs and to increase Astra Spacecraft Engine™ production and test capacity through the end of the year. "We remain intensely focused on near-term deliveries of Astra Spacecraft Engines™ to our customers and have made difficult but necessary decis

      8/14/23 4:10:00 PM ET
      $ASTR
      Transportation Services
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    • Astra to Host Conference Call on August 7, 2023

      Astra Space, Inc. ("Astra") (NASDAQ:ASTR) will host a conference call to discuss recent events via a webcast at 6:00am PT (9:00am ET) on Monday, August 7, 2023. A link to the live webcast and the webcast replay will be accessible at Astra's Investor Relations website: https://investor.astra.com/investor-relations. About Astra Space, Inc. 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 En

      8/4/23 5:45:00 PM ET
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    $ASTR
    Press Releases

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    • Astra Announces Closing of Take-Private Transaction

      Astra Space, Inc. ("Astra" or the "Company") (NASDAQ:ASTR) announced today the successful closing of its take-private transaction. Under the terms of the definitive agreement for the transaction (the "Merger Agreement") that was previously announced on March 7, 2024, Apogee Parent, Inc., ("Parent"), an entity formed by Chris Kemp, Astra's co-founder, chief executive officer and chairman, and Dr. Adam London, Astra's co-founder, chief technology officer and director, will acquire all of the outstanding shares of the Company's Class A common stock, par value $0.0001 per share (the "Class A Shares") not already owned by it for the right to receive $0.50 per share in cash, as more fully descr

      7/18/24 9:10:00 AM ET
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    • Celestial AI Appoints Kelyn Brannon as Chief Financial Officer

      Seasoned Finance Executive Joins With More Than Three Decades Working With Leading Multinational Companies Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, today announced the appointment of Kelyn Brannon as the company's new Chief Financial Officer (CFO) effective June 3, 2024. Ms. Brannon joins Celestial AI with more than 30 years of executive leadership experience in corporate finance and investor relations, having served as CFO at national and multinational companies. Additionally, she has successfully led three IPOs on both the NYSE and NASDAQ as CFO – Calix, Inc. (NYSE: CALX), Arista Networks (NASDAQ:ANET), as well as Astra Space (NASDAQ:AST

      6/6/24 8:00:00 AM ET
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    • Astra Space, Inc. Files Definitive Information Statement

      Astra Space, Inc. ("Astra" or the "Company") (NASDAQ:ASTR) announced today that it has filed its definitive Information Statement pursuant to Section 14(c) of the Securities Exchange Act of 1934 describing the Agreement and Plan of Merger (as amended or otherwise modified in accordance with its terms, the "Merger Agreement," and such merger transaction, the "Merger"), dated as of March 7, 2024, by and among Apogee Parent Inc., a Delaware corporation ("Parent"), Apogee Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and the Company, a copy of which is attached to the Information Statement. If the Merger is completed, the Company's Class A commo

      6/5/24 4:30:00 PM ET
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    Leadership Updates

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    • Celestial AI Appoints Kelyn Brannon as Chief Financial Officer

      Seasoned Finance Executive Joins With More Than Three Decades Working With Leading Multinational Companies Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, today announced the appointment of Kelyn Brannon as the company's new Chief Financial Officer (CFO) effective June 3, 2024. Ms. Brannon joins Celestial AI with more than 30 years of executive leadership experience in corporate finance and investor relations, having served as CFO at national and multinational companies. Additionally, she has successfully led three IPOs on both the NYSE and NASDAQ as CFO – Calix, Inc. (NYSE: CALX), Arista Networks (NASDAQ:ANET), as well as Astra Space (NASDAQ:AST

      6/6/24 8:00:00 AM ET
      $ANET
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    • Goldhirsh Foundation Names Groundbreaking All-Female Investment Committee

      Team includes C-level executives from industries including finance, real estate, food, and philanthropy LOS ANGELES, March 14, 2024 /PRNewswire/ -- Today, the Goldhirsh Foundation announced its new all-female investment committee—believed to be the first such investment committee at an organization of its size and scope. The committee members are: Shana Barghouti, Natasha Case, Celestine Schnugg, and Ruth Wernig. This new, all-female, investment committee is believed to be the first such at an organization of this size and scope.The quartet of executives have experience at org

      3/14/24 10:00:00 AM ET
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      $PL
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    • Julie Cullivan Joins Astra Board of Directors

      Information technology and cybersecurity leader appointed to Audit Committee Astra Space, Inc. ("Astra") (NASDAQ:ASTR), a provider of products and services to the global space industry, is proud to announce the appointment of Julie Cullivan to the Astra Board of Directors effective February 1, 2023. Ms. Cullivan will also join Astra's Audit Committee. Ms. Cullivan has held executive positions at FireEye, Autodesk, Forescout, McAfee, EMC, and Oracle. She is a recognized leader in cybersecurity and compliance and a sought-after speaker on topics including security as a boardroom imperative, women in security, innovation, and building high impact teams. "Julie's leadership will be instrumen

      1/27/23 9:10:00 AM ET
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    $ASTR
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    • Astra Space downgraded by Deutsche Bank with a new price target

      Deutsche Bank downgraded Astra Space from Buy to Hold and set a new price target of $1.00 from $2.00 previously

      2/2/23 6:19:44 AM ET
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    • Astra Space downgraded by B of A Securities with a new price target

      B of A Securities downgraded Astra Space from Neutral to Underperform and set a new price target of $4.00 from $7.00 previously

      2/11/22 8:29:13 AM ET
      $ASTR
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    • Deutsche Bank reiterated coverage on Astra Space with a new price target

      Deutsche Bank reiterated coverage of Astra Space with a rating of Buy and set a new price target of $7.00 from $13.00 previously

      1/27/22 9:01:59 AM ET
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    $ASTR
    Insider Purchases

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    • Stanford Scott bought $22,315 worth of shares (18,442 units at $1.21) (SEC Form 4)

      4 - Astra Space, Inc. (0001814329) (Issuer)

      12/28/23 4:11:34 PM ET
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    • Amendment: SEC Form SC 13D/A filed by Astra Space Inc.

      SC 13D/A - Astra Space, Inc. (0001814329) (Subject)

      7/22/24 4:59:13 PM ET
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    • Amendment: SEC Form SC 13D/A filed by Astra Space Inc.

      SC 13D/A - Astra Space, Inc. (0001814329) (Subject)

      7/22/24 4:35:33 PM ET
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      Transportation Services
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    • Amendment: SEC Form SC 13D/A filed by Astra Space Inc.

      SC 13D/A - Astra Space, Inc. (0001814329) (Subject)

      7/19/24 4:06:49 PM ET
      $ASTR
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