December 8, 2021

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Astra to acquire propulsion company Apollo Fusion for launches beyond low Earth orbit

2 min read

Astra may make small rockets, but the company is dreaming big.

The Bay Area launch startup announced on Monday (June 7) that it’s acquiring Apollo Fusion, a company that builds electric-propulsion spacecraft engines. The purchase price is $50 million — $30 million in stock and $20 million in cash, with the potential for an additional $95 million in “earn-outs” if Apollo Fusion meets some technical and revenue milestones.

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