Before the announcement of the SPAC merger, Astra had raised about $100 million from investors including Marc Benioff, the founder of Salesforce, as well as ACME Capital, Airbus Ventures, and Canaan Partners, according to CNBC.
The startup will have a pro forma enterprise value of about $2.1 billion, according to the press release. Funding will come through a $200 million PIPE at $10 per share, led by BlackRock-managed funds and accounts. Holicity’s $300 million in cash trust rounds out the $500 million transaction.
Holicity CEO Craig McCraw said, “I have long believed space provides an unmatched opportunity to benefit and enrich society.”
Astra said that it has 50 launches pre-reserved by corporate and government customers…