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Astra Space seeks to raise $250 million at a $1 billion valuation in a funding round to expand its mobile-launch rocket program and spacecraft propulsion business.

PRIVATEAug 14, 2026•1 day ago

Amount Raised

$250 Million

Round Type

Venture - Series Unknown

AlamedaOtherManufacturing

Description

Astra Space is aiming to secure $250 million to rebound from financial struggles and expand its services. The funding round is set to close this quarter, according to CEO Chris Kemp. The company is focusing on low-cost, expendable launch vehicles to offer militaries rapid satellite deployment. This marks Astra's first fundraising effort since raising $80 million last year.

Company Information

Company

Astra

Location

1900 SKYHAWK STREET

Alameda, California, United States

About

Astra’s mission is to improve life on Earth from space® by creating a healthier and more connected planet. Today, Astra offers one of the lowest cost-per-launch dedicated orbital launch services of any operational launch provider in the world. Astra delivered its first commercial launch to low Earth orbit in 2021, making it the fastest company in history to reach this milestone, just five years after it was founded in 2016. Astra (NASDAQ: ASTR) was the first space launch company to be publicly traded on Nasdaq.

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