Tag: SPACS
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Astra Space launches its first day of public trading with backing from Craig McCaw and Bill Gates
Astra’s Rocket 3.2 sits on its Alaska launch pad before its liftoff in December 2020. (Astra Photo / John Kraus) A California-based space venture called Astra marked its first day as a publicly traded company today, completing a financial transition in which Seattle-area telecom pioneer Craig McCaw played a key role. Astra went public on…
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BlackSky satellite data venture makes a $1.5B deal to go public in SPAC merger
An artist’s conception shows BlackSky’s Global satellites in orbit. (BlackSky Illustration) BlackSky Holdings, which is operating a growing fleet of Earth observation satellites as well as a cloud-based platform to analyze geospatial data, says it will become a publicly traded company through a blank-check merger valued at nearly $1.5 billion. The agreement with Osprey Technology…
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How telecom pioneer Craig McCaw hitched up with Astra rocket venture in $2.1B deal
Astra’s Rocket 3.1 blasts off from the company’s launch complex in Alaska. (Astra Photo) Back in the 1990s, cellular telecom pioneer Craig McCaw bought into a vision of ubiquitous wireless service via a constellation of satellites, with an assist from Microsoft co-founder Bill Gates. Almost a quarter-century later, McCaw’s Teledesic venture is long-dead, but the…