On Wednesday morning, a surprising email popped into my inbox with the following subject line: "Astra announces Department of Defense contract valued up to $44 Million."
I had to read it a second time to make sure I got it right. Astra, the launch company? Astra, whose valuation went from $2.6 billion to $25 million after a series of launch failures? Astra, the company that was taken private in July at 50 cents a share?
Welcome to Edition 7.17 of the Rocket Report! Next week marks 10 years since one of the more spectacular launch failures of this century. On October 28, 2014, an Antares rocket, then operated by Orbital Sciences, suffered an engine failure six seconds after liftoff from Virginia and crashed back onto the pad in a fiery twilight explosion. I was there and won't forget seeing the rocket falter just above the pad, being shaken by the deafening blast, and then running for cover. The Antares rocket is often an afterthought in the space industry, but it has an interesting backstory touching on international geopolitics, space history, and novel engineering. Now, Northrop Grumman and Firefly Aerospace are developing a new version of Antares.
As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.
Astra gets a lifeline from DOD. Astra, the launch startup that was taken private again earlier this year for a sliver of its former value, has landed a new contract with the Defense Innovation Unit (DIU) to support the development of a next-gen launch system for time-sensitive space missions, TechCrunch reports. The contract, which the DIU awarded under its Novel Responsive Space Delivery (NRSD) program, has a maximum value of $44 million. The money will go toward the continued development of Astra’s Launch System 2, designed to perform rapid, ultra-low-cost launches.
Enlarge/ The core stage for NASA's second Space Launch System rocket rolls aboard a barge that will take it from New Orleans to Kennedy Space Center in Florida. (credit: NASA)
Welcome to Edition 7.03 of the Rocket Report! One week ago, SpaceX suffered a rare failure of its workhorse Falcon 9 rocket. In fact, it was the first time the latest version of the Falcon 9, known as the Block 5, has ever failed on its prime mission after nearly 300 launches. The world's launch pads have been silent since the grounding of the Falcon 9 fleet after last week's failure. This isn't surprising, but it's noteworthy. After all, the Falcon 9 has flown more this year than all of the world's other rockets combined and is fundamental to much of what the world does in space.
As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.
Astra finally goes private, again. A long-simmering deal for Astra's founders to take the company private has been finalized, the company announced Thursday, capping the rocket launch company’s descent from blank-check darling to delisting in three years, Bloomberg reports. The launch company's valuation peaked at $3.9 billion in 2021, the year it went public, and was worth about $12.2 million at the end of March, according to data compiled by Bloomberg. Astra's chief executive officer, Chris Kemp, and chief technology officer, Adam London, founded the company in 2016 with the goal of essentially commoditizing launch services for small satellites. But Astra's rockets failed to deliver and fell short of orbit five times in seven tries.
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