Trust Size
$300M
Peak Price
$16.95
Current Price
$0.20
Return
-98.8%
Peak Market Cap
$4.5B
What Happened
Small rocket launch company that promised cheap access to space. Most launches failed. Stock crashed 99% after multiple rocket explosions and a pivot to spacecraft.
Astra merged with Holicity Inc in June 2021 during the space SPAC boom. The company promised to build cheap, quickly manufactured rockets for small satellite launches. But Astra had a terrible launch success rate — multiple rockets exploded or failed to reach orbit. After burning through hundreds of millions, the company pivoted from rockets to spacecraft components. CEO Chris Kemp did a 1:15 reverse split in 2023 to avoid delisting. The stock went from $17 to under $0.20.
Projections vs. Reality
Projected Revenue
$300M
What they told investors
Actual Revenue
$4M
What actually happened
Hype-to-Reality Ratio: 1.0x
Key People
Chris Kemp
CEO & Co-founder
Former NASA CTO, persisted through failures
Adam London
CTO & Co-founder
Led rocket engineering
Timeline
2021-02
SPAC merger announced
2021-07
Merger completed
2021-11
Stock peaks at $17
2022-02
Rocket launch failure (payload lost)
2023-03
1:15 reverse split, pivots to spacecraft
🔀 Reverse Stock Split
Reverse split ratio: 1:15. Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
⚖️ Legal Actions
• Class action lawsuit filed by shareholders
📄 SEC Filings
View all EDGAR filings for Astra Space
Risk Scores
Dilution Score
75/100
Insider Profit Index
60/100
Hype-to-Reality Ratio
1.0x
Projected ÷ actual revenue