
In addition to seeking the grace period from Nasdaq, Astra also mentioned a possessive reverse stock split.
Astra is a rocket launch startup that provides satellite delivery and launch services.
Astra is an American launch vehicle company based in Alameda, California. Astra was incorporated in October 2016 by Chris Kemp and Adam London. Formerly known in media as “Stealth Space Company”, the company formally came out as Astra Space, Inc. in a Bloomberg L.P. article by Ashlee Vance. Investors include BlackRock, Advance, ACME, Airbus Ventures, Innovation Endeavors, Salesforce co-founder Marc Benioff, former Disney CEO Michael Eisner, and more.
In addition to seeking the grace period from Nasdaq, Astra also mentioned a possessive reverse stock split.
The launch was supposed to put four NASA-sponsored cubesats on a mission called Educational Launch of Nanosatellites (ELaNa) 41.
Following the completion of its first orbital launch in the US space, shares of Astra Space have surged.