Pakistan Christian TV

Breaking news and world news from Pakisthan Christian TV on Business, Sports, Culture. Video news. News from the US, Europe, Asia Pacific, Africa, Middle East, America.

بعد تويتر وفيس بوك.. شركة تكنولوجيا الفضاء Astra تستغنى عن 16٪ من قوتها العاملة

After Twitter and Facebook, the space technology company Astra is laying off 16% of its workforce

Astra, the US-based space rocket startup that went public last year, has fired 16 per cent of its staff as part of a broader strategy to increase its shrinking financial runway and reduce expenses.

According to TechCrunch, the company stated that in order to expand its core business – namely launch engines and spacecraft – it will reduce short-term investments in space services, and with 237 orders dedicated to its spacecraft engines from companies such as Maxar, OneWeb and Astroscale, which is an increase of 2% 130 percent from the previous quarter, Astra reported that this latter segment in particular has become a growing source of revenue.

Astra is also developing Launch System 2, which includes a new rocket, software suite and land system, to replace the lightweight Rocket 3 vehicle, which has suffered a number of launch failures this year.

The company expects to conduct initial flight tests in late 2023, according to the report, while the layoffs highlight Astra’s rapid growth: CEO Chris Kemp told investors during a call that the company had tripled in size in just one year, to more than 400 person.

However, the company closed the quarter with $151 million in cash, reporting a net loss of $199.1 million and revenue of $2.8 million from its spacecraft engines. Astra expects to generate salary savings from layoffs in the first quarter of next year, the report said.

See also  “Every year, you are without charlatans.” A researcher in astronomy: There is no such thing as horoscopes