Craig McCaw’s Holicity to Merge with Astra in $2.1 Billion SPAC Deal That Could Raise $500 Million

Craig McCaw’s Holicity SPAC is merging with launch startup Astra in a deal that values Astra at $2.1 billion and would yield up to $500 million in cash proceeds, aiming to fund daily low-Earth-orbit access despite Astra not yet having achieved routine orbit success.