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Astra makes space deals as it gets set to go public

Astra, the California-based space startup that’s aiming to merge with a blank-check company founded by Seattle telecom pioneer Craig McCaw, has set a July 1 target date to go public on Nasdaq.

That’s the word from Chris Kemp, Astra’s founder, chairman and CEO. “We will start mailing proxy statements today for shareholders of $HOL to vote ahead of the shareholder meeting on 6/30,” Kemp said in a LinkedIn posting. $HOL is the symbol for Holicity, McCaw’s special purpose acquisition company in Kirkland, Wash.

The Astra-Holicity SPAC deal values Kemp’s company at $2.1 billion.

Astra’s Rocket 3.2 launch vehicle made it to space during a test launch from Alaska in December but narrowly missed reaching orbit. Since then, the company has been preparing for its next launch — and racking up business deals.

Last month, Astra announced an agreement to work on a multi-launch mission for Planet’s Earth observation satellites in 2022. And today, Astra said it would acquire Apollo Fusion in a transaction valued at up to $145 million. The deal is due to close after Astra goes public.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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