Astra Lays Off 16% of Workforce, Writes Down Assets

Michael Bruno November 09, 2022

Astra launch.

 

Credit: Astra Space
Astra Space on Nov. 8 announced layoffs of 16% of its workforce and $119 million in write-downs of assets as the struggling rocket startup seeks a “financial runway” into 2024 amid a major business plan change. Astra CEO and co-founder Chris Kemp told an analyst teleconference while reporting third...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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