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Astra Defaults on Debt Agreement, Sierra Space Raises $300 Million
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Space company Astra defaults on debt agreement and may not be able to raise enough cash. Astra Space is considering selling parts of its business to raise funds. Sierra Space, a subsidiary of Sierra Nevada Corporation, secures $300 million investment at a $5 billion valuation.
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How might the sale of parts of Astra Space impact the company's future?
What are the implications of Sierra Space's significant investment for the space industry?
What are the potential consequences of Astra's default on the debt agreement?
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