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Astra Space Founders Close Buyout Deal for Ailing Rocket Maker
- Rocket company’s value peaked during blank-check deal frenzy
- Founders to pay 50 cents per share for outstanding stock
Astra Space’s LV0007 rocket in 2021.
Source: Business WireThis article is for subscribers only.
Astra Space Inc.’s take-private deal with its founders has been finalized, the company said on Thursday, capping the rocket launch company’s descent from blank-check darling to delisting in three years.
The rocket launch company’s valuation peaked at $3.9 billion in 2021, the year it went public, and was worth about $12.2 million as of end-March, according to data compiled by Bloomberg.