Astra failure is about to BANKRUPT while SpaceX reaches orbit easily...
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(Intro) 0:00
(Astra’s current status) 0:50
(Astra’s launches) 1:50
(How SpaceX overcame the risk of collapse) 5:01
conclusion 8:36
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Astra failure is about to BANKRUPT while SpaceX reaches orbit easily...
This information can be able to shock anyone.
A 7-year-old startup was valued at 150 dollars per stock back in 2020 and now they are facing bankruptcy.
Can you guess who?
It's Astra Space Company which was founded in October 2016 by Chris Kemp and Adam London.
Astra failure is about to BANKRUPT while SpaceX reaches orbit easily...
However, Astra's failure is not difficult to understand.
The rocket business is inherently new and full of risks, so the number of newcomers to this field who are eliminated from the game is not few.
SpaceX, in its early days, also virtually fell into a similar situation as Astra, but ultimately, they got rid of that and later achieved the prosperity as currently.
So, why did Astra fail while SpaceX did not?
What can Astra learn from SpaceX's case for redevelopment?
Find out everything in today’s episode of Techmap.
Astra failure is about to BANKRUPT while SpaceX reaches orbit easily...
On November 8, 2023, two founders of Astra submitted a proposal to take the company private at an original price of 1.50 dollars per share, meaning a decrease of 1% compared to the value three years ago.
The value of publicly traded Astra Space has been falling since it shelved a rocket design that only went for 2 for 7 on launches, including two highly visible failures from the Space Coast. Now the company is going private.
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#techmap #techmaps #elonmusk #starshipspacex #spacex
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