Astra Space Fends Off Investor Lawsuit Over Rocket Launch Claims

Astra Space Inc. investors can’t proceed with a proposed class suit over the satellite deployment company’s statements about its ambitious plans to launch 300 rockets per year, a federal court ruled.

The challenged statements, made before and after Astra’s merger with a blank check company, have legal protection because they were forward-looking and accompanied by sufficient cautionary language, Judge Charles R. Breyer said Wednesday for the US District Court for the Northern District of California. The investors will be allowed to re-plead their claims, he said.

A similar would-be class action is pending in Delaware Chancery Court against billionaire Craig ...