📆 2021, #AstraSpace went public at a "pro-forma enterprise value of approximately $2.1 billion" 💰.The company's stock even traded above 📈 this valuation. But then, rockets started failing 💥. Only two of the seven launches of the company's "Rocket 3" vehicle were successful.
It faces stiff competition from #RocketLab, #Firefly, #ABLSpace and #StokeSpace. Additionally, all of these small launch companies have been undercut in price 〽️ by #SpaceX https://arstechnica.com/space/2024/03/after-astra-loses-99-percent-of-its-value-founders-take-rocket-firm-private/