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Astra completes deal with Craig McCaw's Holicity to go public


Astra’s Rocket 3.2 sits on its Alaska launch pad before its liftoff in December 2020. (Astra Photo / John Kraus)
A California-based space venture called Astra says it’s completed its financial transaction with Holicity, a blank-check company that’s based in Kirkland, Wash., and headed by Seattle-area telecom pioneer Craig McCaw.
The business combination was approved today by Holicity’s shareholders, opening the way for Astra’s shares to be publicly traded on the Nasdaq Global Select Market starting Thursday. The ticker symbol for Astra common stock will be ASTR, and the symbol ASTRW will be used for Astra warrants.
“Becoming a public company is an important milestone in our mission to improve life on Earth from space,” Chris Kemp, Astra’s founder, chairman and CEO, said in a news release. “All of us at Astra are humbled by the opportunity to have the support of public shareholders and are grateful to the many people who have contributed so much to hel ....

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Astra, rocket startup that has yet to conduct a successful launch, is going public


Astra, rocket startup that has yet to conduct a successful launch, is going public
CNN
2/2/2021
By Jackie Wattles, CNN Business
© Astra
Rocket 3.1 left the Alaskan coast at Astra s Kodiak launch site on September 12, 2020.
Astra, a US-based rocket startup aiming to build cheap rockets to haul satellites to space, announced Tuesday that it s going public via a reverse merger known as SPAC.
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The company has yet to begin commercial operations, and though a December test launch of its Rocket 3.2 came very close to entering Earth s orbit, Astra has not yet conducted a fully successful test launch.
But Holicity a special-purpose acquisition company (SPAC), or a blank check investing tool, created by Craig McCaw who made a fortune in the telecom business is planning to acquire the company. ....

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