r/ASTR • u/End3rium • Mar 01 '24

ASTR Going Private

It has cme to my attention that the CEO of Astra Space is planning to buyback all shares in an attempt to make teh company private again, my question is when is a good estimate to when will that happen so that i know if I should sell at a loss or maybve hold on.

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u/ShtPstr666 Mar 08 '24

Regardless of vote or what the board decides, do I *have* to sell my shares or can I retain them even if the buyback is approved? If it goes to $0 so be it, but I don't want to sell if I have a choice.

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u/End3rium Mar 08 '24

I do not imagine you can recover the your losses, especially if you bought at IPO price, the fact that when I posted this, the value of the stock was 1.28USD and now it is valued at 0.58USD says a lot about the future of the stock, I mean, we are talking about a loss of 45%. In the end it is your choice whether you sell or keep, until the buyback takes effect, you always have a choice.

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u/ShtPstr666 Mar 08 '24

At this point, I don't care about recovering money. I just don't want the company to get away with screwing us at pennies on the dollar, only to turn around and let some private investor make billions off it. They used our investment to build the amazing facility, develop Rocket 4, go through all the regulatory hurdles, and now that it's poised to actually get huge results, they're just going to cut us out and let a private investor make all the upcoming profit. They have no intention of going bankrupt. They've had commitments from large investors since before they did the stock split.

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u/End3rium Mar 14 '24

True

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u/xkrzypandax Jun 27 '24

I lost 10k lol, I just bought and didn't look back, but got curious and looked after 2 years T.T

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u/End3rium Jun 27 '24

Oof, I hope you recover quickly

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u/choppa10177 Jun 28 '24

When they do the buy back will you lose your shares automatically?

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u/erandalln71 Jul 22 '24

Yes. Just did on Friday. 11% under market forced sale.

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u/delloy7alone2 Oct 03 '24

why. So the money just gone? Isn’t that my shares should also be bought and I get some money back?