What Happened
US Rocket Company Aims for Comeback with New Launch Program
US rocket company Astra Space is seeking to raise $250 million in a funding round expected to close this quarter, with a valuation of $1 billion. The company, which was taken private in 2024 after repeated launch failures, is looking to expand its mobile-launch rocket program and spacecraft propulsion business. Astra’s CEO Chris Kemp is betting on a new launch vehicle, Rocket 4, which is expected to launch in 2027 with a projected price of $5 million per launch. This move was reported by Reuters.