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Astra founders offer to take company private

Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California.


The founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.

Chris Kemp, chairman and CEO, and Adam London, chief technology officer, delivered a proposal to the Astra board of directors on Wednesday to acquire all the company’s outstanding stock at a $1.50 a share.

That price is a 103% premium to Wednesday’s closing price at 74 cents a share, which represents a market value of about $16 million.

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This story is developing. Please check back for updates.

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