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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.
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.
Craig McCaw’s Holicity files for $250M IPO to pursue TMT acquisitions via SPAC
Telecom pioneer Craig McCaw has co-founded Holicity, a Seattle-area SPAC that filed for an IPO seeking about $250 million to pursue acquisitions in technology, media and telecommunications. The blank-check company is led by McCaw and Randy Russell and targets U.S. and other developed-market TMT businesses amid a broader SPAC surge.
