ASTRA INVESTOR UPDATE
Q2 2022

View from LV0009 in low Earth orbit

DISCLAIMER AND FORWARD-LOOKING STATEMENTS
Certain statements made in this presentation are “forward-looking statements”. Forward-looking
statements may be identified by the use of words such as “anticipate”, “believe”, “expect”,“estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate
future events or trends or that are not statements of historical matters. These forward-looking
statements reflect the current analysis of existing information and are subject to various risksand uncertainties. As a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, actual results may differ materially from Astra’s
expectations or projections, including the following factors, among others: (i) the failure to meetprojected development and launch targets, including as a result of the decisions of governmental
authorities or other third parties not within our control, weather and other suboptimal conditions
that may it difficult to perform a launch attempt, as well as those driven by the dedication of ourlaunch resources to the development of Launch System 2.0; (ii) changes in applicable laws orregulations; (iii) the ability of Astra to meet its financial and strategic goals, due to, among otherthings, competition; (iv) the ability of Astra to pursue a growth strategy and manage growth
profitability; (v) the possibility that Astra may be adversely affected by other economic, business,and/or competitive factors; (vi) the effect of the COVID-19 pandemic on Astra, (vii) the ability tomanage its cash outflows during its business operations and (vii) other risks and uncertaintiesdescribed herein, as well as those risks and uncertainties discussed from time to time in otherreports and other public filings with the Securities and Exchange Commission by Astra.

Accordingly, none of Astra nor its respective affiliates and advisors makes any representations
as to the accuracy or completeness of these data. Certain amounts related to thetransaction described herein have been expressed in U.S. dollars for convenience and, when
expressed in U.S. dollars in the future, such amounts may be different from those set forth
herein.

This Presentation contains statistical data, estimates and forecasts that have been provided
by Astra and/or are based on independent industry publications or other publicly available
information, as well as other information based on Astra’s internal sources. This information
involves many assumptions and limitations, and you are cautioned not to give undue weight tothese estimates. We have not independently verified the accuracy or completeness of the datathat has been provided by Astra and/or contained in these industry publications and otherpublicly available information.

This Presentation accompanies Astra’s earnings call for the second quarter 2022, which was heldon August 4, 2022, and is intended to assist in understanding information Astra’s management
discussed in that call. This Presentation should be viewed in conjunction with the August 4, 2022,
earnings call, a replay of which is available on Astra’s website at www.astra.com, under Investors.

Non-GAAP Financial Measures. This Presentation includes non-GAAP financial measures.
Astra believes that these non-GAAP measures of financial results provide useful information
to management and investors regarding certain financial and business trends relating toAstra’s financial condition and results of operations. Astra’s management uses certain of these
non-GAAP measures to compare Astra’s performance to that of prior periods for trend analyses
and for budgeting and planning purposes.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong
to their respective owners and Astra’s use thereof does not imply an affiliation with, orendorsement by the owners of such trademarks, copyrights, logos and other intellectual property.
Solely for convenience, trademarks and trade names referred to in this Presentation may appear
with the ® or ™ symbols, but such references are not intended to indicate, in any way, that such
names and logos are trademarks or registered trademarks of Astra.

OUR MISSION

Improve Life On Earth From SpaceASTRA SPACE PLATFORM

LAUNCHSERVICESNOVEMBER 2021

SPACE
PRODUCTSSPACESERVICES

TROPICS-1

Investigation Continues

View from LV0010 upper stageIMPROVED LAUNCH SYSTEMTAMUPDATED
ROCKET 4.0600kg$5M***ROCKET
4.045% → 75%*600 kilograms is target payload to mid inclination low Earth orbit over the course of the product lifecycle**Base bulk launch price for dedicated launches assuming no price increases due to inflation***Total addressable market data based on internal market research and management estimates. Excludes Starlink
Note: Given the increasing demand from large constellation operators for higher capacity, lower cost, and more reliablelaunch services, our discussions with NASA and other customers, we have increased our payload capacity target for Launch
System 2.0 from 300kg to 600kg

TOTAL ADDRESSABLE MARKET (TAM) ***$100MM COMMITTED EQUITY FACILITYASTRA SPACECRAFT ENGINE
103 committed orders through Q2**From July 1, 2021 through June 30, 2022, including 14 units sold,but not delivered, before Astra acquired Apollo Fusion.

TMASTRA SPACECRAFT ENGINE
Flight-Proven Electric Propulsion Systems

SCALING TO SERVE CONSTELLATIONSCURRENTLY AT WORK ON ORBIT

300+ ON ORBIT BURNS

9KEY FINANCIAL METRICS | Q2 2022
REVENUES

ADJUSTED EBITDA$3.9M

Q1Q120222022

2022
Q2 2022-$47.5M-$47.5M-$48.4M-$48.4M

Q2 2022

Q1 2022

Q2 2022-$53.0M$(0.19)$2.7M

Q1 2022

Q2 2022

ADJUSTED NET INCOMEQ1 2022

ADJUSTED EPS-$50.1M$(0.17)

KEY FINANCIAL METRICS (CONT'D) | Q2 2022
NON-GAAP OPERATING EXPENSES$44.2M$48.4M

CASH, CASH EQUIVALENTS & SHORT-TERM INVESTMENTS$255.2M$200.7M

Q1 2022

Q2 2022

FREE CASH FLOW (1)Q1 2022

Q2 2022

CAPITAL EXPENDITURES(2)Q1 2022

Q2 2022$15.1M$12.9M-$54.7M-$69.2M(1) Operating cash provided by operations less Capital expenditures(2) Includes Property, Plant & Equipment and investments in leasehold improvements

Q1 2022

Q2 2022