These Three Space Companies That Are in a Cash Crunch Despite a Rebound of Overall Investment in the Sector

  • 3 months ago
Three publicly traded space companies - Momentus, Astra, and Sidus Space - appear to be running low on cash. Momentus has already warned shareholders it's short on funds and abandoned its next mission. Astra's valuation has dropped from $2.5 billion to under $50 million and has been out of cash since October. Sidus Space has faced challenges with post-IPO fundraising efforts under $5 million and a drop in valuation to around $9 million by September's end.

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