What Happened
US Rocket Company Aims For Comeback With New Growth Strategy
US rocket company Astra Space is seeking to raise $250 million in a funding round expected to close this quarter, as it looks to rebound from years of financial struggles. The company, once valued at over $2 billion, was taken private in 2024 at just $11.25 million following repeated launch failures. Astra is now betting on low-cost, expendable launch vehicles and a growing satellite propulsion business, with a projected launch price of $5 million for its new Rocket 4 vehicle. This development was first reported by Reuters.