In this week’s episode we discuss two new space SPACS merging onto the scene: Astra (HOL) and Rocket Lab (VACQ).

Astra and Rocket Lab are both small payload launch companies that are tackling the micro satellite market with their lower cost and smaller payload rockets. Astra has launched rockets to space, but has yet to get to orbit. Meanwhile, Rocket Lab has reached orbit multiple times and has implemented a partial rocket recovery system.

Both companies have their eyes set on the same market and are going public via SPACs to fuel their larger ambitions.