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Tim McCormick avatar
Tim McCormick
@Astranautica
•
Invested in Astra Space
Okay, big space guy here, always looking for a chance to invest in the industry, saw this pop up on a first time investors profile, started to read up on the company here’s what I have learned and why I am going to buy. $ASTR Astra Space to the moon! Astra Space, Inc. has captivated investors with its nimble rockets designed for frequent, cost-efficient launches. Astra is the first space launch company to trade on the Nasdaq, according to the company. https://preview.redd.it/8n3s1jwjvx871.jpg?width=1074&format=pjpg&auto=webp&s=2bb56eb8905424457f0b55cb6a49096d1b227526 https://preview.redd.it/2s3h09rn52971.jpg?width=1026&format=pjpg&auto=webp&s=ba8abbbd93bb3fcb7d6859aa7cac77c9da0ed357 Rival Virgin Orbit, the sister company of **Virgin Galactic** ([**SPCE**](https://research.investors.com/quote.aspx?symbol=SPCE)), is reportedly in talks to go public through the SPAC **NextGen Acquisition II** ([**NGCA**](https://research.investors.com/quote.aspx?symbol=NGCA)). [$ASTR Daily Candlestick Chart](https://preview.redd.it/bvc0kzxl2x871.jpg?width=1026&format=pjpg&auto=webp&s=f09ca5098eba971caf6a267705749b7d0815b35e) Small satellites are becoming popular for expanding internet access across the globe. Astra can launch satellites weighing 100 pounds but plans to increase that load number. The company plans to start commercial launch service for customers this summer and then move to daily launches by 2025. ASTR ticker has publicly committed to 15 launches as it works through 50 customers under contract. The venture expects to be carrying out daily launches to low-Earth-orbit (LEO) by 2025. “What is really starting to cause Astra to stand out from everyone else out there is our focus on scale,” Astra CEO Chris Kemp told SpaceNews in an interview. Not the scale of the rocket, but the scale of the factory and the scale of production and the number of launches.” He said customers are willing to pay a lot more for responsiveness than “waiting six months or a year” for launches that could potentially face more delays. Alameda, California-based Astra has been hiring former SpaceX employees that helped set up the Falcon 9 production line, as well as senior staff from Tesla from the Bay Area, to help scale up its factory facilities to meet this demand. Benjamin Lyon, who spent more than two decades supporting the mass production of Apple products, including iPhones and iPads, joined Astra as chief engineer in February. Astra anticipates unveiling its first customer when a launch date this summer for its upgraded Rocket 3.3 has been set. It will be its first launch since Rocket 3.2 fell just shy of reaching orbit in a Dec. 15 demo mission after running out of fuel early. Astra’s SPAC merger proceeds will help scale up operations and expand its vertically integrated approach to space, which June 7 saw it acquire electric propulsion venture Apollo Fusion in a deal valued at up to $145 million. Apollo Fusion thrusters will boost Astra’s move into the small satellite manufacturing business next year, enabling it to provide launch and space services beyond LEO. https://preview.redd.it/18ophdeo62971.jpg?width=955&format=pjpg&auto=webp&s=5827ff8473b003b8e9c9852ac5cc54f30c3d76bc Astra also plans to grow the payload capacity of its rockets from 50 kilograms to 500 kilograms, targeting growing demand from satellite megaconstellations. Asked whether Astra’s vertically integrated strategy could lead to acquisitions outside of rockets and spacecraft, Kemp said: “Are we going to start laying fiber-optic cables under the ocean? I don’t see that coming. I think there are some great companies that have done that. “I think that, in terms of building the infrastructure in space, vertically integrating that and building that is where Astra’s focus is, and so I think we’ll certainly look to partnerships on the ground with the leaders in the infrastructure needed to support what’s happening in space on the ground.” Unlike launch providers SpaceX, Blue Origin and Rocket Lab, Kemp said Astra will not develop systems capable of human spaceflight, saying this enables it to optimize technology for applications closer to Earth. Astra also disclosed that it has a roadmap to develop larger vehicles, with the goal of placing up to 500 kilograms into orbit. The company did not disclose technical details of that roadmap, or a schedule for producing those larger vehicles. Kemp said plans for various mega constellations influenced that roadmap. “We want to converge with what these mega constellation operators are designing and flying in 2023,” he said. “It’s about being the most responsive launch service provider and also being the best way for us to build our own platform.” He described an iterative process for gradually scaling up the company’s launch vehicles to achieve that 500-kilogram target. “My goal is to have as many iterations as possible, where the engineers can add these things incrementally,” he said, gradually increasing performance instead of making a big jump from 50 to 500 kilograms. Astra is a company with intriguing potential to be profitable, in a sector which has proven to be a difficult one from this perspective. CEO Chris Kemp has stated the company’s focus is on gaining efficiencies. And its attempt to build cheaper, better rockets could prove to be a win for shareholders, as well as humanity, over the long run. Accordingly, it appears investors are largely viewing ASTR stock as a long-term holding right now. This merger provides Astra with approximately $500 million in new capital. The company plans to build out its production of smaller rockets, hoping to get its price point below the current $2.5 million. Additionally, the company sees opportunities to grow its spacecraft and spaceport business lines. For long-term investors bullish on space-related stocks, this is music to the ears. As far as space-related stocks go, ASTR stock is one to keep on the radar for now. This company could see some serious buying pressure, if tailwinds persist in this space. #growthatgreen #longterm #buildingmyportfolio #learning l#growthnotgreed #spaceexploration #spaceexploration
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