We’ll know soon if Astra—the commercial space company—has a future

Enlarge / Astra's Rocket 3 vehicle lifts off from Alaska on November 20, 2021, on the company's first successful launch into orbit. (credit: Astra/Brady Kenniston)

Over the last two years, Astra has become one of just a handful of the dozens of startup launch companies to actually put something into orbit. This is a measure of the technical acumen of Astra engineers, who set out to execute on the vision of the company's co-founders, Chris Kemp and Adam London.

During the same period, Astra's financials have taken a nose dive. When Astra went public in mid-2021, it had a valuation of $2.6 billion. The company's market value is around $25 million, based on Astra's closing price on the Nasdaq stock exchange.

A week ago, Astra's market value was even lower. The number rose after Astra revealed Thursday that Kemp and London made an offer to take the company private in a bid to save the startup they established in 2016.