[AR] Re: Anyone want to buy an "orbit capable" rocekt company for $50m?

  • From: Rand Simberg <simberg@xxxxxxxxxxxxxxx>
  • To: arocket@xxxxxxxxxxxxx
  • Date: Tue, 30 Aug 2022 17:45:41 -0700

Maybe. What changes have they made to make anyone think they'll be more successful in the future, other than abandoning that launcher and supposedly moving on to a new one? Have there been any management changes?

I bought some November calls at 2.5 after the post-failure stock plunge, as lottery tickets in the hope that they'd have a launch success this summer. They've lost most of their value, but hey, it's not November yet. The lottery tickets are even cheaper now (November is two and a half bucks each, but you'd have a better chance if you buy some that expire next year, which will cost more).

The stock is now worth less than a buck, so there's a chance that it will be delisted, or move to the Vancouver exchange...

On 8/30/22 16:44, Stefan Powell wrote:

Astra is now worth about 220m USD according to their market cap, and apparently have about 200m in the bank as of June 30th…..so enterprise value sits around $20m + whatever they spent in the meantime (30m?). Seems pretty cheap if anyone has any cash lying around.  

 

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