M&A Deal Summary

Astra Acquires Apollo Fusion

On June 7, 2021, Astra acquired aerospace company Apollo Fusion for 145M USD

Acquisition Highlights
  • This is Astra’s 1st transaction in the Aerospace sector.
  • This is Astra’s largest (disclosed) transaction.
  • This is Astra’s 1st transaction in the United States.
  • This is Astra’s 1st transaction in California.

M&A Deal Summary
Date 2021-06-07
Target Apollo Fusion
Sector Aerospace
Buyer(s) Astra
Deal Type Add-on Acquisition
Deal Value 145M USD

Target

Apollo Fusion

Mountain View, California, United States
Apollo Fusion designs and builds state-of-the-art Hall thruster propulsion systems for a variety of government and commercial satellite programs. The Apollo team members have deep aerospace experience and over the course of their careers have designed and built systems that are flying on over 2000 satellites that are in orbit today. Apollo has built up the capacity to deliver dozens of propulsion systems every month to meet current high market demand. Apollo Fusion is based in Mountain View, California.

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Buyer(S) 1

Buyer

Astra

Alameda, California, United States
Category Company
Sector Aerospace
DESCRIPTION

Astra improves life on Earth from space by creating a healthier and more connected planet. Astra is a privately-funded company with over 50 launches under contract, Astra will begin delivering customer payloads into low Earth orbit in Summer 2021, moving to monthly, biweekly, weekly, and daily launches by 2025. Astra is based in Alameda, California.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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