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“Astra Spacecraft Engine”
Virgin Orbit’s bankruptcy could have fallout across the space industry. The company estimates it owes $100-500 million to somewhere between “200-999” creditors. The amount includes debts in excess of $15.3 million to four companies — Arqit, BigBear.ai, Redwire, and Spire Global — on the Space SPAC Index.
(more…)Astra Space (NAS: ASTR) suffered a net loss of nearly $411.4 million on revenue of $29.5 million last year as the company stopped development of its Rocket 3.3 launch vehicle and spun up production of a spacecraft engine for sale to other companies. The company had no revenue in the fourth quarter.
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