Astra Space has been awarded a contract by the Defense Innovation Unit worth up to $44 million to develop a next-gen launch system for critical space missions.
The funding signals renewed confidence in Astra, a startup publicly valued at $2.1 billion in 2021, struggling to achieve its ambitious rocket launch goals.
While Astra faced financial difficulties leading to its privatization, the DIU contract could pave the way for the successful orbiting of its Rocket 4.
Astra's new initiative aims to demonstrate rapid launch capabilities for time-sensitive missions, with solutions expected to be flight-ready within 24 months.
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