BUSINESS: Astra Reaches Orbit

dWeb.News Article from Daniel Webster dWeb.News

By Daniel Webster, dWeb.News Publisher

ALAMEDA, Calif.–(BUSINESS WIRE)–Astra Space, Inc. (“Astra”) (Nasdaq: ASTR), successfully completed its first commercial orbital launch for the United States Space Force late Friday night, November 19, 2021, PST. The launch, STP-27AD2, was conducted from Astra’s Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska.

Astra’s launch system successfully demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km. The orbital velocity for the payload was 7. 61 kilometers per second in 8 minutes and 47 seconds. Chris Kemp, founder, chairman and CEO of Astra, said that reaching orbit was a significant milestone for Astra. “We now have the ability to focus on our customers and scaling up rocket production and launch times.” The United States Space Force contracted this mission through a Defense Innovation Unit Other Transaction Agreement.

Astra was founded in 2016 to launch a new generation of space services enabled by large constellations of small satellites in Low Earth Orbit. In order to offer daily space access, the team designed a rocket that could easily be mass-produced like an automobile. Astra “learned its” way to orbit in five years. Each launch increased capabilities and operational efficiency with every iteration.

“We owe our success to our amazing team and the culture that we’ve created at Astra.” Adam London, Co-Founder of Astra and CTO. Adam London, Co-Founder and CTO of Astra, said, “I’m humbled” by their courage and dedication to continue building, launching and learning until they succeed.

About Astra

Astra’s mission is to make Earth a better place by connecting it to the rest of the world. Astra is the only operational orbital launch provider that charges a fraction of what it costs to launch a dedicated orbital launch service. Astra completed its first commercial orbital launch in November 2021, making it one of the fastest U.S. company in history to reach this milestone. Astra is based in Alameda, California, and was founded in 2016. Astra (NASDAQ : ASTR) is the first publicly traded space launch company on Nasdaq. Visit www.astra.com to learn more about Astra.

Safe Harbor Statement

Certain statements made in this press release are “forward-looking statements”. Forward-looking statements can be identified by words like “anticipate”, believe”, “estimate”, or “expect”, or other expressions that forecast or indicate future events and trends. These forward-looking statements are based on current information and could be affected by uncertainties such as Astra’s inability to meet its launch targets. Forward-looking statements should not be relied upon without caution. Due to known and unknown risks, actual results may differ materially from Astra’s expectations or projections including the following factors, among others: (i) projected development and launch targets, including as a result of the decisions of governmental authorities or other third parties not within our control, weather and other suboptimal conditions that may make it difficult to perform a launch attempt; (ii) changes in applicable laws or regulations; (iii) the ability of Astra to meet its financial and strategic goals, due to, among other things, competition; (iv) the ability of Astra to pursue a growth strategy and manage growth profitability; (v) the possibility that Astra may be adversely affected by other economic, business, and/or competitive factors; (vi) the effect of the COVID-19 pandemic on Astra, (vii) the ability to manage its cash outflows during its pre-revenue business operations and (vii) other risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Astra. The term “commercial orbital launch” refers to a launch that is conducted under an FAA Commercial Launch License.

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