Yahoo Finance Astra given regulatory green light for its first commercial orbital launch at the end of the month
Rocket launch startup Astra has received a key license from the Federal Aviation Administration, giving the green light for the company’s first commercial orbital launch at the end of the month.
Astra CEO Chris Kemp tweeted the news on Thursday, adding that the launch operator license through the FAA is valid through 2026. The new license is a modification of the company’s previous launch license and applicable to the current version of the company’s rocket, a company spokesperson told TechCrunch.
Thrilled that @Astra now authorized to conduct launches out of Kodiak through 2026 with @FAA launch operator’s license! #AdAstra pic.twitter.com/QKn3mgRuwY
— Chris Kemp (@Kemp) August 19, 2021
The license, posted on the FAA’s website, authorizes Astra to conduct flights of its Rocket v3 launch vehicle from the company’s launch pad at the Pacific Spaceport Complex in Kodiak, Alaska. It expires on March 9, 2026. It clears the way for Astra to conduct a demonstration mission for the U.S. Space Force on August 27, as well as a second launch planned for some time later this year.
This is proving to be a big year for Astra. In addition to conducting its first commercial orbital launch on August 27, the company also started trading on the Nasdaq under the ticker symbol “ASTR.” The company made its debut after merging with special purpose acquisition company Holicity at a pro-forma enterprise value of $2.1 billion.
Earlier this summer, Astra also acquired space-propulsion company Apollo Fusion. The acquisition gives a possible hint into how Astra is thinking about future launches, as electric propulsion systems are useful for moving objects from lower to higher orbits.
