Astra (Private Investment)
Funding Details
- Awarder
- RSS - spacenews.com
- Date Award
- January 01, 2024
- Vertical
- Aerospace
- Funding URL
- View Funding Page
- Premoney Valuation
- $1,000,000
- Valuation
- $2,000,000
- Funding Amount:
- $44,000,000
Company Info
- Founding Year
- 2016
- Traction
- Astra has faced challenges in its development timeline but is working hard to test stages this year, with plans for two demonstrations in 2026.
- Organizations Involved
- Department of Defense, Defense Innovation Unit
- Founders
- Chris Kemp
- Company Description
- Astra is a rocket startup focused on developing Rocket 4, a two-stage mobile launch vehicle aimed at delivering cargo globally in under an hour. The company is leveraging a $44 million contract with the Department of Defense to demonstrate rapid delivery of military cargo, utilizing its expertise in satellite propulsion and mobile launch systems.
- Market
- Defense
- Location
- Alameda, CA, US
- Coinvestors
- None