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HOL) took off this morning after striking a deal with startup
Astra to merge and come public at a $2.1 billion valuation. HOL stock was up more than 40% in pre-market trading.
Source: Alones / Shutterstock.com
California-based Astra is a startup that makes small rockets to send satellites into orbit. “This transaction takes us a step closer to our mission of improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet,” said Chris Kemp, founder, chairman and CEO of Astra, in an SEC filing.
Last month, Astra made its initial launch into space with its Rocket 3.2 vehicle launched from Kodiak, Alaska. It will begin delivering customer payloads this summer and initiate monthly launches by the end of this year. ....

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