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  "documentTitle": "Astra Space, Inc. (ASTR)",
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      "text": "Not only is the overall addressable market Astra has promoted vastly overstated – Astra's development path is on the wrong side of key trends within the industry: larger payloads and reusability.",
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      "text": "Most of the increase in mass-to-orbit in the coming decade will be as part of large broadband constellations. According to NSR, nearly 80% of all non-GEO satellites from now until the end of the decade will be part of constellations.",
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      "text": "Investors should be asking whether Astra devised a launch cadence to meet market demand or to merely solve for the inherent weaknesses in its business model?",
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      "text": "When it comes to securing market share in launch services, time is of the essence, and Astra is falling behind.",
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      "kind": "quote",
      "text": "Astra is undersized, it's just too small. If they don't announce something larger, I don't know how they hang-on...the market really wants a one-ton launcher, Astra is half that.",
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      "text": "\"When it comes to securing market share in launch services, time is of the essence, and Astra is falling behind.\" — BofA Securities, Initiating Coverage: Underperform; \"Astra is undersized, it's just too small. If they don't announce something larger, I don't know how they hang-on...the market really wants a one-ton launcher, Astra is half that.\" — Senior Manager, launch and mission management services firm",
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      "text": "Source: Astra SEC Form 10-Q, Astra December 2021 Investor Presentation, and Kerrisdale Analysis",
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      "text": "Undersized and Not Reusable: Astra is Falling Behind Industry Trends",
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