The San Francisco space-tourism startup Astra is going public through a reverse merger with special purpose acquisition company, Holicity, in a deal that values the company at a $2.1 billion enterprise value.
Astra on Monday unveiled the move on CNBC. The company is looking to list on the Nasdaq under the ticker symbol ASTR. It expects to close the deal in the second quarter.
“We’re seeing hundreds of companies that want to get from anywhere on Earth to anywhere in space on their schedule — not wait years to get a lot of things to one place,” Astra Chief Executive Chris Kemp said.
“So we’re really focused on building a much smaller rocket, produced in much higher volume, launched from a much larger number of locations.”