Astra Space Inc. is also Team SPAC! The California-based space-transportation firm is set to go public via a merger deal with blank-check company Holicity Inc. at an astronomical valuation of $2.1b.
Astra is known for making small rockets and shooting satellites into orbit, and it will become the first small-rocket maker to go public in the US. The new entity will be listed on the tech-heavy Nasdaq under the symbol “ASTR”.
Astra is one of the few space startups with “flight-proven” technology. this is the highest rating of Technology Readiness Levels, meaning it has been used in a successful space mission. Last year, they sent a rocket to orbit from a launchpad in Alaska – which, let’s admit, is pretty cool for a relatively small startup. Shooting for the stars, it seems?