Announced
Financials
Tags
Domestic
Acquisition
Single Bidder
Merger
Public
United States
orbital launch capability
Aerospace
space company
Pending
Friendly
Majority
Privatisation
Synopsis
Chris Kemp, Astra’s co-founder, chief executive officer and chairman, and Adam London, Astra’s co-founder, chief technology officer and director, agreed to acquire the remaining stake in Astra Space, a company that offers orbital launch services, for $0.50 per share. One factor driving toward the reduced buyout was that Astra Space was facing a liquidity crunch and there was a stated desire to leave the company with some cash to keep going.
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