Astra Secures Loan Extension from Investors

Astra Space, a launch vehicle and spacecraft propulsion company, has been granted a four-day extension on a loan by investors to secure longer-term funding. The bridge loan, initially valued at $3.05 million, was provided to give Astra time to raise additional liquidity. The company is currently negotiating with investors for a refinancing deal. Astra's founders have also announced an offer to take the company private, valuing it at nearly $30 million, but have not disclosed the source of the required capital. Astra reported a net loss of $29.7 million and $256,000 of revenue in its third-quarter financial results.