"Space Companies Facing Cash Crunch: Three at Risk"
Several space companies, including Momentus, Astra, and Sidus, are facing financial challenges, with some at risk of delisting, acquisition, or bankruptcy. Momentus is running out of money and needs a major new backer or buyer to avoid bankruptcy. Astra has been nearly out of cash since October and is seeking a take-private deal to improve its situation. Sidus, which went public in late 2021, has seen minimal revenue growth and has struggled to raise significant funding. Despite these challenges, the space sector as a whole continues to attract interest from private markets, with overall investment bouncing back in 2023.