Astra Space Reports Quarterly Loss of $31.3 Million

ALAMEDA, Calif., August 12, 2021 (Astra Space PR) — Astra Space, Inc. (Nasdaq: ASTR) today announced financial results for its fiscal second quarter ended June 30, 2021.

“Astra achieved several key milestones in the first half of 2021 to further its mission to improve life on Earth from space,” said CEO, Chairman and Co-Founder Chris Kemp. “Astra obtained significant funding to further our plan for rapid, low-cost access to space by completing the Holicity merger and associated PIPE transaction. We delivered on key customer initiatives by winning our second NASA contract in a row (TROPICS) and signing a long-term launch deal with Planet Labs. And last week, we announced Space Force as our first commercial customer for a test launch planned during a sixteen-day window beginning August 27, 2021. I am pleased with our execution and want to thank the entire Astra team for their dedicated efforts. We all look forward to the upcoming launch.”

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NASA Awards Contract to Astra Space for 3 Launches

Astra’s Rocket 3.2 on the launch pad. (Credit: John Kraus)

KENNEDY SPACE CENTER, Fla. (NASA PR) — NASA has selected Astra Space Inc. to provide a launch service for the agency’s Time-Resolved Observations of Precipitation Structure and Storm Intensity with a Constellation of SmallSats (TROPICS) mission. The TROPICS mission consists of a constellation of six CubeSats and will increase the scientific community’s understanding of storm processes.

The launch service contract for the TROPICS mission is a firm fixed-price contract valued at $7.95 million. NASA’s Launch Services Program at the agency’s Kennedy Space Center in Florida will manage the launch service.

The CubeSats, each the size of a shoebox, will provide rapid-refresh microwave measurements that can be used to determine temperature, pressure, and humidity inside hurricanes as they form and evolve. The TROPICS mission’s high-revisit imaging and sounding observations are enabled by microwave technology developed at the Massachusetts Institute of Technology’s Lincoln Laboratory. These observations will profoundly improve scientists’ understanding of processes driving high-impact storms.

Astra Space will launch the CubeSats on the company’s Rocket 3 from Kwajalein Atoll in the Marshall Islands with three separate launches over a 120-day period. The TROPICS mission is targeted for launch between Jan. 8 and July 31, 2022, under a Federal Aviation Administration (FAA) launch license.

For more information about NASA and other agency programs, visit:

https://www.nasa.gov