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  "documentTitle": "Astra Space, Inc. (ASTR)",
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      "text": "As investors watch yet another SPAC fail to deliver on lofty projections and with its cash balance burning away like a rocket with a fuel leak (which Astra has experienced), Astra shares will be left smoldering on the launchpad.",
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      "text": "US rocket would be granted approval – when many countries typically assign preference to supporting their own member nation launch programs – is also uncertain. With so much focus on scaling manufacturing processes and launch cadence, the seemingly mundane issue of finding somewhere to launch is a risk to Astra’s long-term vision because contrary to management’s oft repeated claim – Astra can’t launch from anywhere.",
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      "text": "The next several months are critical for Astra. Already falling behind with an undersized rocket, Astra has no room for setbacks – which is a problem. Silicon Valley’s “move fast and break things” innovation approach may work when it comes to software development, but for a rocket company whose rockets are prone to unexpected explosions, it has serious consequences. The only way to improve reliability is to continue testing and failing, with each successive failure – soon to be conducted under the spotlight of Cape Canaveral rather than the backwoods of Alaska – proving harder to spin as positive. If Astra were private like most of its peers, this wouldn’t be such a challenge – having an uncomfortable conversation about delays or needing a pivot with a small group of long-standing investors may not be easy, but it beats having to answer to new fickle public ones. The froth has come off the new space market. As investors watch yet another SPAC fail to deliver on lofty projections and with its cash balance burning away like a rocket with a fuel leak (which Astra has experienced), Astra shares will be left smoldering on the launchpad.",
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