Astra goes public via Holicity SPAC led by Craig McCaw, valued at $2+ billion with $500M cash

Astra completed its SPAC merger with Holicity and began trading on Nasdaq (tickers ASTR/ASTRW), a deal that values the company at over $2 billion and provides about $500 million in cash. The transaction was led by Holicity chairman Craig McCaw with financial backing for Holicity from Bill Gates’ Pendrell Corp., and adds McCaw and Michael Lehman to Astra’s board.

BBill Gates PPendrell