US rocket company Astra Space is seeking to raise $250 million at a $1 billion valuation in a funding round expected to close this quarter, CEO Chris Kemp said in an interview, as the company looks to rebound from years of financial struggles.
The California-based company has approached investors in recent months, pitching new growth opportunities and financing strategies aimed at expanding its mobile-launch rocket program and spacecraft propulsion business as it seeks to evolve into a broader "space platform company," according to an email from an Astra fundraising adviser seen by Reuters.
