Astra Rocket 3.2 launch
Astra's Rocket 3.2 vehicle lifts off from Kodiak Island, Alaska, Dec. 15. Credit: Astra/John Kraus

WASHINGTON — Small launch vehicle developer Astra will go public by merging with a special-purpose acquisition company (SPAC), providing the company with nearly $500 million in cash and valuing it at more than $2 billion.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...