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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2022
Business Acquisition [Line Items]  
Schedule of acquisition-date fair value of the consideration transferred

The fair value of the consideration paid as of July 1, 2021, was $70.8 million, net of cash acquired (the "Apollo Merger"), which consisted of the following:

 

Purchase Consideration (in thousands)

 

 

 

Cash paid for outstanding Apollo common stock and options

 

$

19,926

 

Fair value of Astra Class A common stock issued

 

 

33,008

 

Fair value of contingent consideration

 

 

18,400

 

Total purchase consideration

 

 

71,334

 

Less: cash acquired

 

 

566

 

Total purchase consideration, net of cash acquired

 

$

70,768

 

Schedule of preliminary allocation of the total purchase price

(in thousands)

 

Fair Value

 

Inventory

 

$

131

 

Prepaid and other current assets

 

 

796

 

Property, plant and equipment

 

 

996

 

Right of use assets

 

 

163

 

Goodwill

 

 

58,251

 

Intangible assets

 

 

15,350

 

Other non-current assets

 

 

75

 

Total assets acquired

 

 

75,762

 

Accounts payable

 

 

(950

)

Accrued expenses and other current liabilities

 

 

(1,939

)

Operating lease obligation

 

 

(163

)

Other non-current liabilities

 

 

(1,942

)

Total liabilities assumed

 

 

(4,994

)

Fair value of net assets acquired

 

$

70,768

 

Schedule of Intangible Assets Fair Value and Amortization Periods

Intangible Assets

 

 

 

 

 

 

 

Fair Value

 

 

Weighted-Average Amortization Periods

 

 

(in thousands)

 

 

(in years)

Developed technology

 

$

12,100

 

 

6

Customer contracts and related relationships

 

 

2,900

 

 

3

Order backlog

 

 

200

 

 

1

Tradename

 

 

150

 

 

2

Total identified intangible assets

 

$

15,350

 

 

 

Schedule of Number of Shares of Class A Common Stock Issued

The number of shares of Class A common stock issued immediately following the consummation of the Business Combination were:

 

Common stock of Holicity

 

 

29,989,019

 

Holicity founder shares

 

 

7,500,000

 

Shares issued in PIPE

 

 

20,000,000

 

Business Combination and PIPE shares

 

 

57,489,019

 

Pre-combination Astra shares

 

 

140,601,884

 

Total shares of Class A common stock immediately after Business Combination

 

 

198,090,903