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Astra establishes subsidiary for spacecraft engine business

Astra is carving out its spacecraft engine business as a wholly owned subsidiary, a corporate restructuring that will provide greater flexibility in hiring and financing, according to documents viewed by TechCrunch and a person familiar with the matter. The new subsidiary, Astra Spacecraft Engines, Inc., was incorporated in Delaware on June 5 and filed with the state of California on June 13, corporate records show. There were two motives for the restructuring, related to operations and financing, the person said. ....

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