Astra to go public through SPAC merger
Posted: Fri, Feb 5, 2021, 6:33 PM ET (2333 GMT)
Small launch vehicle company Astra announced Tuesday it will go public by merging with a special-purpose acquisition company (SPAC). Astra said it will merge with Holicity, allowing it to go public on the Nasdaq exchange. The deal would provide up to $500 million in cash for Astra and value the company at $2.1 billion. Holicity is a SPAC established last year by Craig McCaw, best known in the space industry as one of the founders of satellite constellation company Teledesic in the 1990s. Astra is developing small launch vehicles and nearly reached orbit on its second attempt in December.
Small launch vehicle company Astra announced Tuesday it will go public by merging with a special-purpose acquisition company (SPAC). Astra said it will merge with Holicity, allowing it to go public on the Nasdaq exchange. The deal would provide up to $500 million in cash for Astra and value the company at $2.1 billion. Holicity is a SPAC established last year by Craig McCaw, best known in the space industry as one of the founders of satellite constellation company Teledesic in the 1990s. Astra is developing small launch vehicles and nearly reached orbit on its second attempt in December.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Blue Origin describes plans for increased New Glenn launch rates
Posted: Sat, Oct 17 11:41 AM ET (1541 GMT) |
|
news links
|
|
Tuesday, October 20
Japan Launches MMX Probe on 5-Year Martian Mission with Aim to Achieve World-1st Sample Retrieval
Yomiuri Shimbun — 5:05 am ET (0905 GMT) Together to the Stars: Japan, France and Germany Set Course for Mars
Yomiuri Shimbun — 5:05 am ET (0905 GMT) Blue Origin’s P-Sampler Launches Aboard JAXA's Martian Moons eXploration Mission
Blue Origin — 5:03 am ET (0903 GMT) Japan launches Martian moon mission
NHK — 5:01 am ET (0901 GMT) Japan launches probe in historic bid to collect sample from Mars moon
Japan Times — 5:00 am ET (0900 GMT) |
