With 237 committed orders for its spacecraft engines from companies like Maxar, OneWeb and Astroscale, representing a 130 percent increase from the previous quarter,
Astra is also developing Launch System 2, which includes a new rocket, software suite and ground system, to replace the lightweight Rocket 3 vehicle, which experienced a number of launch failures this year.
According to the report, the company expects to conduct the first flight tests by the end of 2023.
The layoffs shed unflattering light on Astra’s rapid growth: CEO
However, the company ended the quarter with $151 million in cash.
It reported net losses of $199.1 million and $2.8 million in revenue from its spacecraft engines. Astra expects the wage savings from the layoffs to materialize in the first quarter of next year, the report said.
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