- Much of the bad news on prior failed launches and macro headwinds had already been priced in.
- Zero benefit has been given to the potentiality of the 13,600 satellite constellation.
- 2022 will see many more launches, and a transformation of the company from “test” phase to “commercialization” phase; forecasts expect revenues to ramp up by year-end.
- Astra is in a net cash position, estimated to last another two years - this makes the valuation of Astra relatively attractive, especially when viewed alongside a reasonable P/B ratio.
For further details see:
Astra: 2022 Is A Pivotal Year For Revenues And New Launches