dwindling

Lynk forges ahead with public market debut despite SPAC’s dwindling reserves

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Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies confirmed the deal on Monday after announcing a non-binding LOI with Rodriguez’s special purpose acquisition company (SPAC), Slam Corp, in December. According to an investor presentation … Read more

Astra lays off 25% of workforce, reallocates engineers, in an effort to combat dwindling money reserves

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Astra has laid off 25% of its workforce because the starting of the quarter and is reallocating a minimum of 50 engineers and manufacturing workers away from its launch enterprise to deal with spacecraft manufacturing, the corporate stated Friday. The reallocation and layoffs are anticipated to delay testing of the under-development Rocket 4 and Launch … Read more