Astra, a space company, has laid off 25% of its workforce and is reallocating engineers and manufacturing staff to focus on spacecraft production. This move is expected to delay testing of the under-development Rocket 4 and Launch System 2.0. The layoffs are part of efforts to reduce operating expenses and increase revenue generation. Astra has closed 278 committed orders for its Astra Spacecraft Engine, worth around $77 million. The company is seeking more capital and has engaged investment bank PJT Partners as a financial advisor. Astra's preliminary second-quarter financial results show expected revenues of $0.5-$1 million and cash on hand of $26-$26.5 million.

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