Astra Space 'Headed for Dis-Astra,' Kerrisdale Says in Short Report

seekingalpha2021-12-30

Astra Space (ASTR-9.1%) slumps to an all-time low after Kerrisdale Capital slammed the company in a short report, saying it is "poorly positioned within an overcrowded market for small launch vehicles...

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Comments

  • vbjvvbb
    2021-12-30
    vbjvvbb
    Ok
  • AppleSeed
    2021-12-30
    AppleSeed
    👌🏻
  • JemP
    2021-12-30
    JemP
    Agreed
  • ITNerd
    2021-12-30
    ITNerd
    Cool
  • Greysuntan
    2021-12-30
    Greysuntan
    Awesome
  • badumdum
    2021-12-30
    badumdum
    This short seller report is full of opinions and its supposed data to backup claims is weak. Its point on Total Addressable Market shows its lack of understanding of growth in the industry, and how going forward, as a whole, corporates and governmental organisations will seek to take up their own communications hardware into orbital space. It also fails to account for how $ASTR has positioned itself in this space, and chosen to use the positioning of other companies in the same industry to compare. $ASTR has chosen a business model to scale within a tightee ange of payloads for launches. It has also shunned additive manufacturing given that it will escalate costs. This positioning takes out costs and makes it attractive to customers. It also makes its 52 launches a year at $16k per kg
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