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Astra, a rocket startup that went public final yr, advised buyers Tuesday it laid off 16% of its workforce as a part of a wider technique to extend shrinking monetary runway and reduce bills.
The corporate additionally mentioned it might cut back near-term investments in area providers to develop its core companies: particularly, launch and spacecraft engines. This latter phase particularly has develop into a rising income for Astra, with the corporate reporting it had 237 dedicated orders for its spacecraft engines to entities together with Maxar, OneWeb and Astroscale. That represents a rise of 130% from final quarter.
The layoffs shine an unflattering mild on Astra’s fast development: CEO Chris Kemp advised buyers throughout a name Tuesday that the corporate tripled in dimension within the area of a yr, swelling to greater than 400 individuals. On condition that quantity, Astra decreased its headcount by at the very least 64 individuals.
Main area corporations, together with SpaceX and Relativity, are urging the U.S. Federal Communications Fee (FCC) to stay to its purview — spectrum utilization — because it seems to probably replace its guidelines for in-space servicing, meeting and manufacturing (ISAM) missions.
There’s loads that the FCC may — and will do — to assist ISAM missions that sit squarely inside its regulatory bounds, the businesses mentioned. SpaceX and others, in addition to startups like Orbit Fab, which desires to construct refueling depots in area, and Starfish House, which is growing a satellite tv for pc servicing automobile, submitted suggestions associated to spectrum and ISAM. The fee additionally heard from Blue Origin, Lockheed Martin, United Launch Alliance and different area corporations and trade teams.
Right here’s SpaceX: “The Fee should deal with this probably essential however nonetheless nascent trade with care, exercising warning to not unintentionally stifle innovation by stepping outdoors the authority expressly delegated to it by Congress.”
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