For smaller rocket companies, they are tasked with the significant challenge of creating a launch vehicle capable of reaching orbit consistently. This process is not only immensely difficult, but also very expensive as you are bound to have failures along the way. Astra Space is a company that has been trying for years to create a small lift launch vehicle with the ability to reach orbit and deliver payloads.
Unfortunately for the company, this process has not gone the smoothest with quite a few failures stopping Astra in their tracks. Toward the middle of 2022, the company canceled its Rocket 3 line after a 7th failure. Even though this vehicle was able to reach orbit more than once, they knew they needed a system that could keep launching without issues.
This being said, the process of developing an entirely new rocket is also a very expensive process. Just days ago news came out that Astra defaulted on one of its loans, a bad sign for the company’s future. Here I will go more in-depth into Astra’s current finances, progress on its new rocket, what the future holds, and more.
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Chapters:
0:00 - Intro
0:53 - Loan Default
3:25 - Rocket 4 Production
