this post was submitted on 09 Nov 2023
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[โ€“] burble 4 points 2 years ago* (last edited 2 years ago) (1 children)

Well, that's one way to get the stock price back up over $1 per share.

I wonder what their long term plan is here, like whether they plan to stay private, keep up the thrusters business, and eventually try to bring back their rocket development, or if this is a creative part of the death spiral before trying to sell off divisions. They were trying to get $100 million for the propulsion division a month ago...

[โ€“] [email protected] 2 points 2 years ago

I wish I understood business finance well enough to know how normal Astra's recent maneuvering is. Seems crazy from the outside.