If you thought Astra was going to go away quietly, you were wrong
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?
This was curious, indeed. To get some answers, I spoke with the cofounder of Astra, Chris Kemp, who remains the company's chief executive.
"If I have learned anything, it's that you just don't give up," Kemp said. "You know, if you give up easily, this is not the place to be. Fortunately, I am surrounded by a team that has chosen not to give up."
I'll be frank: When Kemp and his co-founder, Adam London, took Astra private this summer, I never expected to hear from the company again. Astra certainly was not the first launch company to fail, and it won't be the last. But it is the first to seemingly resurrect itself in such a dramatic way.
