Astra Space up on report company exploring options, including asset sales

Astra Space

11/10/2023 13:16

** Rocket maker Astra Space's  ASTR.O  shares up 6.9% at
$1.40 premarket
     ** Company is considering selling a 51% stake in its
in-space propulsion business, among other strategic sale options
- Bloomberg News
    ** Astra Space would seek to value the unit at more than
$100 mln - report
    ** Company said in August it had reduced overall workforce
by about 25% since beginning of Q2, including a reduction of
about 70 employees announced on Aug. 4
    ** As of last close, company's shares down ~80% this year

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))