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00:02Astra Space is seeking to raise $250 million at a $1 billion valuation in a funding round
00:08expected to close this quarter, according to Reuters. Astra has approached investors with
00:13plans to expand its mobile launch rocket and spacecraft propulsion businesses as it seeks
00:18to become a broader space platform company. Astra was valued at more than $2 billion after going
00:24public in 2021 before being taken private for $11.25 million in 2024 following repeated launch
00:30failures. The company is now betting on Rocket4, a larger expendable vehicle targeting launches
00:36beginning in 2027. Astra is pitching the rocket as a low-cost option for militaries seeking rapid
00:43satellite launches from dispersed locations. The company is also relying on its growing satellite
00:48propulsion business, which has sold hundreds of thrusters.
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