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Astra, a rocket startup that went public final yr, informed buyers Tuesday it laid off 16% of its workforce as a part of a wider technique to extend shrinking monetary runway and reduce bills.
The corporate additionally mentioned it could cut back near-term investments in house providers to develop its core companies: specifically, launch and spacecraft engines. This latter section particularly has change into a rising income for Astra, with the corporate reporting it had 237 dedicated orders for its spacecraft engines to entities together with Maxar, OneWeb and Astroscale. That represents a rise of 130% from final quarter.
The layoffs shine an unflattering mild on Astra’s fast progress: CEO Chris Kemp informed buyers throughout a name Tuesday that the corporate tripled in dimension within the house of a yr, swelling to greater than 400 individuals. Provided that quantity, Astra decreased its headcount by not less than 64 individuals.
Main house corporations, together with SpaceX and Relativity, are urging the U.S. Federal Communications Fee (FCC) to stay to its purview — spectrum utilization — because it appears to doubtlessly replace its guidelines for in-space servicing, meeting and manufacturing (ISAM) missions.
There may be a lot that the FCC might — and will do — to assist ISAM missions that sit squarely inside its regulatory bounds, the businesses mentioned. SpaceX and others, in addition to startups like Orbit Fab, which needs to construct refueling depots in house, and Starfish House, which is growing a satellite tv for pc servicing automobile, submitted suggestions associated to spectrum and ISAM. The fee additionally heard from Blue Origin, Lockheed Martin, United Launch Alliance and different house corporations and business teams.
Right here’s SpaceX: “The Fee should deal with this doubtlessly essential however nonetheless nascent business with care, exercising warning to not unintentionally stifle innovation by stepping exterior the authority expressly delegated to it by Congress.”
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