The founders of the space company Astra, Chris Kemp and Adam London, have offered to acquire all outstanding stock in the company to take it private. They have proposed $1.50 per share to the Astra board, representing a value of about $30 million for the company. This price per share is a 103% premium over Astra's closing stock price of $0.74 on Wednesday, when it had a market valuation of around $16 million. Astra's rocket launching business has been on hiatus since a failed mission in June 2022, and the company is running low on cash as its spacecraft engine division has not generated significant revenue yet. In August, Astra cut 25% of its workforce to refocus from rocket development to spacecraft propulsion manufacturing.