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  "documentTitle": "Astra Space, Inc. (ASTR)",
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  "notes": "This is a page from an activist short-seller research report by Kerrisdale Capital targeting Astra.",
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      "text": "This lack of thrust is particularly concerning because it contradicts one of Astra's key purported benefits: speed-to-orbit.",
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      "text": "Kerrisdale Capital Management, LLC | 1000 5th St, Suite 401 | Miami, FL 33139 | Tel: 212.792.7999 | Fax: 212.531.6153",
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      "text": "On the 3rd quarter call, Kemp offered that development of a vehicle using Apollo Thrusters could be used with a larger rocket, like Falcon 9, but this too is hard to fathom... As a launch broker clearly explained, \"You can't get anywhere fast with electric propulsion...\"",
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      "text": "This lack of thrust is particularly concerning because it contradicts one of Astra's key purported benefits: speed-to-orbit. For example, when asked on Astra's 2Q call to articulate its competitive differentiation versus rideshare, Kemp sated, \"A lot of our customers value how quickly they can deploy a particular satellite...\"",
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      "text": "The efficiency of EP thrusters lends itself to long, slow journeys and Astra can boast that Apollo Fusion accelerates plans to reach higher orbits such as GEO and beyond, but this is a niche opportunity relative to Astra's supposed core servicing LEO constellation. According to NSR, less than 2% of all satellites in the next decade will be in GEO.",
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      "text": "Astra has described the benefits of Apollo Fusion in similar terms as Rocket Lab's Photon and Kick Stage but their respective use cases and TAMs are different. Rocket Lab's platforms use its Curie liquid-propellant based chemical propulsion engines, while Apollo Fusion is a manufacturer of electric engines.",
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      "text": "Like driving cross country in first gear, pushing a glider with mosquito wings, and sending a carrier pigeon versus email. — Propulsion experts. You can't get anywhere fast with electric propulsion...using [electric propulsion] as part of rideshare? People talk about it, but no one uses it. — Launch broker.",
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