Astra Space seeks $250M at $1B valuation
80 FOMOAstra Space, now private after a 2024 take-private at $11.25 million valuation following Rocket 3 failures, is raising $250 million at a $1 billion valuation to fund Rocket 4 development and scale its satellite propulsion business. Rocket 4 is an expendable larger vehicle targeting operational launches from 2027 with a projected $5 million price point. The company has grown its thruster sales and previously raised $80 million post-privatization for settlements and refinancing.
Why it matters
A successful close would mark a significant valuation recovery and provide runway for Rocket 4, but execution risk remains high given prior program struggles and the competitive small-launch landscape.
The numbers
Details
Funding
- Amount
- $250M
- Round
- other
- Announced
- 2026-08-14
Coverage
-
Reuters ·
US rocket company Astra Space seeks to raise $250 million in comeback bidAstra Space is seeking to raise $250 million at a $1 billion valuation in a funding round expected to close in Q3 2026, according to CEO Chris Kemp. The raise would support expansion of its mobile-launch Rocket 4 program (targeting launches from 2027) and satellite propulsion business after the company was taken private in 2024 at $11.25 million and raised $80 million the prior year for legal costs and refinancing.
More from Astra Space
- Astra Space · Milestone 70
Astra targets early 2027 for Rocket 4.0 first launch
- Astra Space · Milestone 75
Astra ships 110 satellite engines and hits 2025 financial targets
Related moments
- CubeCab · Funding 50
CubeCab submits DOE STTR Phase II application
- PLD Space · Funding 78
PLD Space Raises €180M Series C Led by Mitsubishi Electric
- European Space Agency · Milestone 82
ESA Ministerial Commits €902M to Five European Launcher Challenge Companies
- Portal Space Systems · Funding 84
Portal Space Systems Raises $50M Series A for Solar Thermal Propulsion Scale-Up
- NASA · Launch 97
Artemis II Launches — First Crewed Deep Space Flight Since Apollo 17
- SpaceX · Regulatory 97
SpaceX Files Confidentially with SEC for IPO — $2T+ Valuation, June Listing
Veenie.Space Telemetry
Astra Space, now private after a 2024 take-private at $11.25 million valuation following Rocket 3 fa