Astra Lays Off 16% of Workforce, Writes Down Assets

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...

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Astra Lays Off 16% of Workforce, Writes Down Assets is published in Advanced Air Mobility Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN Premium membership.

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