#1PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE A ASTRA HOLICITY February 2, 2021#2ASTRA DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation (this "Presentation") was prepared for informational purposes only to assist interested parties in making their own evaluation of the proposed transaction (the "Transaction") between Holicity Inc. ("HOL", "we", or "our") and Astra Space, Inc. ("Astra"). By accepting this Presentation, each recipient agrees: (i) to maintain the confidentiality of all information that is contained in this Presentation and not already in the public domain; and (ii) to use this Presentation for the sole purpose of evaluating Astra. This Presentation is for strategic discussion purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell shares of HOL, Astra or any successor entity of the Transaction. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by HOL. This Presentation is not intended to form the basis of any investment decision by the recipient and does not constitute investment, tax or legal advice. No representation, express or implied, is or will be given by HOL, Astra or their respective affiliates and advisors as to the accuracy or completeness of the information contained herein, or any other written or oral information made available in the course of an evaluation of the Transaction. This Presentation and the oral briefing provided by HOL or Astra may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding HOL's, Astra's on their management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intends", "may", "might", "plan", "possible", "potential", "predict", "project", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on HOL's and Astra's current expectations and beliefs concerning future developments and their potential effects on HOL, Astra or any successor entity of the Transaction. There can be no assurance that the future developments affecting HOL, Astra or any successor entity of the Transaction will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond HOL's or Astra's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, HOL and Astra are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and HOL's or Astra's use thereof does not imply an affiliation with, or endorsement 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 TM symbols, but such references are not intended to indicate, in any way, that such names and logos are trademarks or registered trademarks of HOL. 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 to these estimates. We have not independently verified the accuracy or completeness of the data that has been provided by Astra and/or contained in these industry publications and other publicly available information. Accordingly, none of HOL, Astra nor their respective affiliates and advisors makes any representations as to the accuracy or completeness of these data. Certain amounts related to the transaction 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. Non-GAAP Financial Measures. This Presentation includes non-GAAP financial measures. HOL and Astra believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Astra'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. Additional Information: In connection with the Transaction, HOL intends to file a Registration Statement on Form S-4, which will include a preliminary prospectus and preliminary proxy statement. HOL will mail a definitive proxy statement/prospectus and other relevant documents to its stockholders. Investors and security holders of HOL are advised to read, when available, the proxy statement/prospectus in connection with HOL's solicitation of proxies for its special meeting of stockholders to be held to approve the Transaction because the proxy statement/prospectus will contain important information about the Transaction and the parties thereto. The definitive proxy statement/prospectus will be mailed to stockholders of HOL as of a record date to be established for voting on the Transaction. Stockholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: Holicity Inc., 2300 Carillon Point, Kirkland, Washington 98033. rs, execu officers, other mbers of management, employees, Participants in Solicitation. HOL, Astra and their respective SEC rules, may be deemed to be participants in the solicitation proxies of HOL's stockholders in connection with the Transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the Transaction of HOL's directors and officers in HOL's filings with the SEC, including HOL's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2020, which was filed with the SEC on November 4, 2020, and such information and names of Astra's directors and executive officers will also be in the Registration Statement on Form S-4 to be filed with the SEC by HOL, which will include the proxy statement of HOL for the Transaction. PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 1#3Rocket 3.2 Launch Video Available at Astra.com PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE "Rocket launch startup Astra has joined an elite group of companies that can say their vehicle has actually made it to orbital space - earlier than expected... This marks a tremendous win and milestone for Astra's rocket program." "There's a new name to take seriously in the commercial space launch game following the launch on Tuesday of Astra's Rocket 3.2." "The success of this launch... is a vindication of the company's iterative approach to launch vehicle development." "Going fast in the aerospace business is a rarity... but the U.S. government has made speedy rocket launches something of a national priority, and Astra stands as a Department of Defense darling right now." ASTRA TC TechCrunch "Alongside SpaceX and Rocket Lab, Astra represents the third U.S. company begun since the turn of the century to privately develop a satellite launch system and successfully reach space." cnet SPACENEWS CNBC Bloomberg#4TRANSACTION SUMMARY TRANSACTION STRUCTURE OFFERING SIZE VALUATION PRO FORMA CAPITAL STRUCTURE PRO FORMA OWNERSHIP ● ● ● ● ● Business combination between Astra (the "Company") and Holicity Inc. ("Holicity"), a publicly-traded special purpose acquisition company Expected to close in Q2 2021 Post-closing, the Company will maintain the Astra name, and will be listed on NASDAQ under a new ticker symbol "ASTR" Holicity (NASDAQ:HOL) is a SPAC with ~$300M cash held in trust, 1/3 warrant structure PIPE investors to commit $200M concurrent with transaction announcement Pro forma enterprise value of $2.1B with well capitalized balance sheet 3.1x 2025E Adj. EBITDA Astra will receive ~$489M in cash as a result of the transactions (including Series C) 100% existing Astra shareholder rollover: Astra founders to hold super-voting stock (10:1) 3% existing Astra shareholders (including Series C), 14% SPAC and founder shares, and 8% PIPE investors Note: Assumes no redemptions by Holicity's existing public shareholders. ASTRA PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 3#5PRESENTERS Chris Kemp Chairman, Founder, and CEO NASA openstack. CLOUD SOFTWARE VE OFFICE F PRESIDENT aBכחB ASTRA Kelyn Brannon CFO amazon ARISTA Calix + Craig McCaw Chairman, CEO MCCAW CELLULAR, INC. AT&T Wireless HOLICITY INC. PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE NEXTEL Clearw're PENDRELL Randy Russell UNITED STATES MARINE CORPS CIO PENDRELL ASTRA Deutsche Bank Bank of America Merrill Lynch#6SUMMARY INVESTMENT HIGHLIGHTS 1. 2. Compelling platform strategy that enables scale and efficiency 3. 4. First pure-play public space company 5. Competitive advantage that increases with velocity and scale | Large and growing sales backlog and pipeline World-class executive team with leading investors PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 5#7OUR MISSION Launch a new generation of space services to improve life on Earth PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 6#8Space is the Next Economic Frontier Astra is the third privately-funded U.S. company in history to reach space and demonstrate orbital capability Source: Wall Street Research, Space Capital. (1) Per Morgan Stanley Research. (2) Based on projected FY'21 DoD and NASA budgets from Jefferies, What's Up in Space: New Launchers, Same Incumbents (Aug. 2020). (3) Companies currently operating space assets or with plans to launch them in the next 3 years. (4) Companies currently operating space assets or with plans to launch them in the near term. PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE $216 Billion Satellite Manufacturing Spending Through 2030(2) $1.0+ Trillion Total Space Economy in 2040(¹) 400+ Private U.S. Companies(4) ASTRA $40.7 Billion Government Investment in Space (3) 7#9........ ☆) €8 GLOBAL BROADBAND CONNECTIVITY Reliable, low latency connectivity that could leapfrog wireless IOT / M2M Monitoring billions of objects EARTH OBSERVATION Monitoring activity on earth. NATIONAL SECURITY Early warning systems NEXT-GENERATION WEATHER, GPS, AND OTHER SERVICES Leapfrogging wireless PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 8#10THE "NEW SPACE AGE" IS AT AN INFLECTION POINT... 38+ thousand satellites to be built and launched over 2020-2029(¹) Total Satellites Launched 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Cumulative satellites launched since 2010(¹) ~90% of satellites to be launched over the next decade weigh 300kg or less(2) $100+ Billion launch market revenue over the next decade(3) Today Source: Wall Street Research, Space Capital. (1) Based on Euroconsult and Astra Management estimates. (2) Based on Euroconsult estimates derived based on 7,015 satellites with known mass. (3) Factors in Euroconsult and Management estimates for satellite launches. 4,062 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 14x increase from 2010-2019(1) PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 40,746 2029 amazon astrocast ICEYE OneWeb ASTRA planet. Aspire SWARM Synspective Capella Space HawkEye 360 hiber. KEPLER 9#11ACCESS TO SPACE IS ~25x TOO EXPENSIVE TOO INFREQUENT TOO SLOW (1) (1) Based on average of the mid-point of variances shown on bottom of page rounded to the nearest 10. Orbit Satellites Launched Annually Satellite Size Launch Cost Time to Launch PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE NASA Landsat 8 Satellite 'MAINFRAME' SPACE GEO (Geosynchronous Orbit) Tens Thousands of Kg Tens of Millions of $ Months Planet Dove Satellite (to scale) ASTRA 'HYPERSCALE' SPACE Thousands LEO (Low Earth Orbit) Days Hundreds of Kg Millions of $ 10#12PLATFORM STRATEGY Data Space Services Modular Spacecraft Platform Mass-produced Portable Launch System Global Spaceport Footprint Technology Infrastructure PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 13: ASTRA 11#13%% TECHNOLOGY INFRASTRUCTURE OPTIMIZED FOR SCALE AstraOS links critical processes across development, manufacturing, test, launch, and finance INSTANT AND PERSISTENT ACCESS TO DATA Decisions driven by real-time data acquired across all platforms via proprietary operational platform AUTOMATION Test and launch operate under automation framework that will scale into manufacturing PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA DODO E 12#14PLATFORM STRATEGY Data Space Services Modular Spacecraft Platform Mass-produced Portable Launch System Global Spaceport Footprint Technology Infrastructure PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 13: ASTRA 13#15thi GLOBAL SPACEPORT FOOTPRINT RAPID Time to build new Kodiak spaceport: ~6 months GLOBAL 10+ Launch Sites identified around the world AFFORDABLE Commercial FAA spaceports only require concrete pad PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 14#16PLATFORM STRATEGY Data Space Services Modular Spacecraft Platform Mass-produced Portable Launch System Global Spaceport Footprint Technology Infrastructure PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE AMO 13: ASTRA 15#174001 MASS-PRODUCED PORTABLE LAUNCH SYSTEM RAPID From payload delivery to launch within days PORTABLE AND GLOBAL Launch from anywhere in the world in 24 hours AFFORDABLE Most affordable launch system for small payloads PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 16 INICI#18PLATFORM STRATEGY Data Space Services Modular Spacecraft Platform Mass-produced Portable Launch System Global Spaceport Footprint Technology Infrastructure PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE AMO 13: ASTRA 17#19thất MODULAR SPACECRAFT PLATFORM INTEGRATED Factory integration with rocket eliminates unused mass and volume RAPID From concept to constellation in months not years MAINFRAME TO MOBILE Eliminates investment in bespoke satellite bus development PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 18#20PLATFORM STRATEGY Data Space Services Modular Spacecraft Platform Mass-produced Portable Launch System Global Spaceport Footprint Technology Infrastructure PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 13: ASTRA 19#21100% SPACE SERVICES COMPLETE Complete Constellation Management Services RAPID From concept to constellation in months not years AFFORDABLE Most affordable path to space for governments and commercial customers PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 20#22A "MODEL T" FOR THE SPACE INDUSTRY Factory Tour Video Available at Astra.com Former Alameda Naval Air Station Headquarters Designed with affordable manufacturing processes and automation in a world class facility, using readily available materials Integrated Development and Production Facility. Manufacturing PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE Assembly Test Future Expansion Space ASTRA 285,000 sq.ft 20 acre campus 21#23RAPID ITERATION DEEPENS COMPETITIVE MOAT 2016 OCT '16 Founded Company 2017 APR '17 Opened Orion Test Facility DEC '17 Begin Testing Rocket 1.0 2018 2019 JUL '18 NOV '18 First test Second test launch launch 2020 JUN '19 Opening of Astra rocket factory DARPA MAR '20 DARPA Challenge PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE KEYS TO SUCCESS: • Technology de-risked by success of launches • Rapidly enhance and re-launch rockets Automation to optimize costs and streamline improvements SEP '20 First orbital launch attempt ASTRA DEC '20 Demonstrated orbital capability 2021 22#24(1) (2) STRATEGY IS WORKING: ASTRA ACHIEVED COMMERCIAL LAUNCH FASTER THAN OTHER COMPANIES Unprecedented Velocity. Four Years to Launch. ASTRA SPACEX ROCKET LABI Virgin ORBIT 0 Note: Years to achieve orbital launch capability, rounded to the nearest full year. Represents time between company founding and first achieving orbital launch capability. Virgin Galactic founded the LauncherOne program in 2007; Virgin Orbit (including the LauncherOne program) was spun off from Virgin Galactic in 2017. 1 2 Time to Achieve Orbital Launch Capability (Years) (1) 3 5 4 YEARS 6 ~3 YEARS FASTER THAN SPACEX 7 8 7 YEARS PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 9 ~8 YEARS FASTER THAN ROCKET LAB 10 ~9 YEARS FASTER THAN VIRGIN ORBIT(2) 11 12 13 ASTRA 12 YEARS 13 YEARS(2) 23#25VALIDATION FROM GOVERNMENT AND HIGH-QUALITY CUSTOMERS NASA 10+ customers and 50+ launches in backlog(¹) Over $150+ million in contracted revenue Over 100 spacecraft in backlog All customers are highly reputable, well-funded and currently in orbital operation Recently awarded NASA Venture Class Launch Services (VCLS) contract for launch of NASA CubeSats (1) Represents existing customer contracts. Certain existing customer contracts permit the customer to terminate them for convenience, subject to a termination penalty, or to terminate for cause (e.g., if Astra does not achieve certain milestones). PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ISTRA BACKLOG CUSTOMERS ASTRA 5+ GOVERNMENT CUSTOMERS 8::8 HH HH ESTABLISHED SMALL SAT COMPANIES "First and foremost, I find that Astra clearly provided the strongest overall proposal and technical solution demonstrating they are capable of meeting the Mission One requirements with a significant strength assigned for maturity of the launch vehicle proposed." Scott Syring SOURCE SELECTION AUTHORITY NASA 24#26SUPPLY CONSTRAINED MARKET LEADING TO A RAPIDLY GROWING PIPELINE $1.2B Pipeline with great diversity in number of customers and verticals …..(())). BROADBAND Source: Company estimates. MARITIME IOT/M2M CONNECTIVITY ego ZZZZZ ‒‒‒‒‒‒ inila EARTH OBSERVATION POINT-TO-POINT GOVERNMENT Ongoing demand to be driven by deployment and maintenance of mega-constellations PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE LANG My ASTRA 25#27VISIONARY LEADERSHIP GUIDED BY A SEASONED BOARD BACKED BY LEADING INVESTORS ACME partners ADVANCE Chris Kemp - Founder & CEO Leads the overall company strategy and direction NASA A AIRBUSVENTURES Previously served as CTO of NASA and founded OpenStack Developed Cloud Computing Strategy for United States Government at White House Studied Computer Engineering at University of Alabama in Huntsville Teaches at Stanford openstack. CLOUD SOFTWARE FICE VENTU INNOVATION AME CLOUD AV ENDEAVORS VENTURES SVE OR 60000 CORRELATION 00000 00000 00000 VENTURES Dr. Adam London - Founder and CTO • Leads the technology strategy and long-term product roadmap • 10 years leading DARPA and NASA initiatives to miniaturize high- performance rocket technologies. 4 years at McKinsey & Company, focused on automotive and manufacturing sectors McKinsey • BS, MS, and PhD in Aerospace Engineering from MIT where his research culminated in the creation of the world's smallest liquid-cooled chemical rocket engine & Company Plit WILDCAT Massachusetts Institute of Technology CAPITAL MANAGEMENT Note: Upon closing, Craig McCaw is expected to join the Board of Directors. DARPA ARTIS VENTURES OATV McKINLEY CAPITAL Nomi Bergman - Director MARC BENIOFF MICHAEL EISNER • President of Advance / Newhouse Investment Partnership Previously served as President of U.S. cable owner and operator Bright House Networks until its. 2016 merger with Charter and Time Warner Cable • Board Member of publicly held Comcast and Visteon as well as 1010data, Black & Veatch, Astra, and Hawkeye360. Trustee for University of Rochester, The Cable Center, Adaptive Spirit, and One Revolution COMCAST bright house NETWORKS ADVANCE Scott Stanford - Director • Co-Founder and Partner at venture capital firm, ACME Capital • Previously Managing Director of Global Internet Investment Banking at Goldman Sachs • Co-Founder of Silicon Foundry • Former Senior Vice President at LookSmart ACME Goldman Sachs PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE Kelyn Brannon CFO Leads the finance division . Prior to Astra, she was the CFO of Asure Software and Arista Networks • Former Chief Accounting Officer and VP of Finance for Amazon amazon ARISTA Calix Chris Thompson Chief Engineer, Advanced Projects • Leads rocket and launch system development . Co-Founder of SpaceX and VP of Structures, where he led the development of the Falcon 1, Falcon 9, and Dragon Capsule for the NASA COTS Programs • Served as Crew Chief in the U.S. Marine Corps SPACEX BOEING ORBIT Martin Attiq EVP Business Operations • Leads business development, partnerships, customer success, communications, and policy . Prior to Astra, Martin spent 10 years at BlackRock where he co-founded the Financial Markets Advisory group, helping scale the team to over 200 people ASTRA • Masters from Stanford GSB; BS in Engineering from University of Michigan Bryson Gentile VP Manufacturing BOARD OF DIRECTORS BlackRock Stanford University • Leads rocket manufacturing and production • Led the manufacturing engineering team at SpaceX for the Falcon 9 rocket where he accelerated rocket production, reliability, and reusability NIO SPACEX EXECUTIVE LEADERSHIP 26#28TIMELINE TO HYPERSCALE SPACE OPERATIONS 2022 Commercial Launch Operations Monthly Launch 2 Build out Rocket Factory Factory Scale Up for Daily Launch & Automation Build Out Satellite Services Production 2021 Manufacturing Capabilities 2023 Weekly Launch 2024 PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE Bi-Weekly Launch Modular Spacecraft Platform Spaceport Services 2025 Daily Launch Space Services ASTRA 27#29ASTRA FUNDING PROFILE ($ in millions) UFCF(2) $4 ($85) ($96) 2021E ($175) Revenue $67 ($197) 2022E ($154) ($25) Opex(¹) Source: Management estimates. (1) Defined as Revenue minus Adj. EBITDA. (2) Defined as Adj. EBITDA less Capex less Changes in Net Working Capital. (3) Pro Forma for $30M primary Series C offering, initial business combination (assuming no Holicity shareholder redemptions), and $200M PIPE. $256 ($309) ($61) 2023E ($116) Capex $780 -($542) ($60) 2024E $177 Cumulative Unlevered Free Cash Flow (2) PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE $1,501 ($806) 2025E $676 ($24) ● ● ● ● Total Funding Requirement: ~$450M Net Proceeds from Transactions: ~$489M(3) ASTRA Significant investments will be made in major facilities, machinery, automation, and headcount to be complete in 2024 Limited long-term CapEx requirements after 2025 Cash Flow Thereafter: Substantial 28#30FINANCIAL SUMMARY WITH KEY DRIVERS ($ in Millions) # of Launches Total Launch Revenue # of Satellites Launched Modular Spacecraft Platform Revenue # of Spaceports Deployed Spaceport Services Revenue Total Revenue % Revenue Growth Gross Profit(1) % Gross Margin(1) Adj. EBITDA(1) % Adj. EBITDA Margin (-) A Working Capital (-) CapEx Unlevered Free Cash Flow Source: Management estimates. (1) Before stock-based compensation. 2021E 3 $4 ($6) NM ($81) NM $3 ($96) ($175) 2022E 15 $47 10 $6 1 $15 $67 1,697% $14 20% ($130) NM $1 ($25) ($154) 2023E 55 $206 60 $31 1 $18 $256 280% $119 46% ($53) NM ($1) ($61) ($116) 2024E 165 $619 250 $123 2 $38 $780 205% $477 61% $238 31% ($2) ($60) $177 PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 2025E 300 $1,125 660 $314 3 $62 $1,501 92% $1,045 70% $694 46% $5 ($24) $676 • Launch Revenue grows as launch cadence ramps to daily in 2025 ● ● ● Revenue ramps as Astra's Modular Spacecraft Platform grows Gross margins increase as factory utilization ramps and efficiencies from mass production are realized Further increases in launch cadence and space platform offerings expected to drive material revenue growth after 2025 ASTRA 29#31VALUATION Fully diluted pro forma enterprise value of $2.1B, representing 3.1x based on 2025E Adj. EBITDA of $694M TRANSACTION SUMMARY ● ● ● Existing Astra shareholders rolling 100% of their equity and will receive 78% of the pro forma equity(1) CAPITAL STRUCTURE Transaction will result in $489M of cash to the balance sheet to fund growth(2) Funded by a combination of cash in Holicity's trust account, proceeds from Holicity's PIPE, and Astra's Series C equity issuance SOURCES ($M) Existing Astra shareholders Holicity cash in trust(³) Additional PIPE equity(4) New Primary Series C equity(5) TOTAL SOURCES USES ($M) Existing Astra shareholders Cash to balance sheet Estimated fees & expenses TOTAL USES $2,000 300 200 30 $2,530 $2,000 489 41 $2,530 PRO FORMA VALUATION Share price Pro forma shares outstanding (m)(6X7) Pro forma equity value ($m) Less: net cash ($m)(8) PRO FORMA ENTERPRISE VALUE ($M) PRO FORMA OWNERSHIP Existing Astra Shareholders (incl. Series C) SPAC Investors PIPE Investors SPAC Sponsor 12% 8% 3% (1) Excluding potential dilution from out-of-the-money Holicity warrants. (2) Assumes $300M Holicity cash in trust, $2,000M of seller rollover equity, $200M of PIPE investor cash, $30M of Series C equity issuance and $41M of transaction expenses. (3) Assumes no redemptions by Holicity's existing public shareholders. (4) Assumes 20.0 million shares are issued at $10.00 per share. (5) Net proceeds from the $30M Series C private capital raise at a $2.0B pre money valuation will be used for general corporate purposes; Pendrell invested $10.0M and other investors provided an additional $20.0M. In addition, the Series C issuance included a secondary transaction pursuant to which Astra's Founders (Chris Kemp and Adam London), collectively received approximately $40.0M in cash in exchange for a portion of their founder shares (~6% of founders' existing stake), which subsequently converted to additional Series C shares. Pro forma for the Series C transaction (including secondary), Astra's Founders will have a -24% stake. Astra's Founders have agreed to a lockup agreement on future sales of shares, which mirrors Holicity's lockup on its Founder's Shares. (6) Pro forma share count includes the existing 30.0 million Holicity public common shares and 7.5 million Founder's Shares, 20.0 million shares from PIPE issuance, 200.0 million shares to be issued to existing Astra shareholders and 3.0 million shares from the new cash received in the Series C equity issuance. The post-closing company will have a dual class shareholder structure with super voting rights for the shares held by the Astra Founders, at a ratio of 10:1 (such shares to include sunsets at certain defined triggers). (7) Pro forma ownership table excludes the impact of Holicity warrants. (8) Cash to balance sheet of $489M less existing net debt of $7M, excluding forgivable Paycheck Protection Program (PPP) loan. PROPRIETARY & CONFIDENTIAL- DO NOT REDISTRIBUTE ASTRA $10.00 261 $2,605 (482) $2,123 78% 30#32PRIVATE PEER CAPITAL RAISE VALUATIONS Astra represents an attractive entry point and valuation, especially compared to peer launch businesses that are trailing Astra in terms of commercial launch vehicle development Astra's satellite and spaceport services provide upside to value creation ● SpaceX's latest valuation and value creation since reaching orbit in 2008 evidence Astra's investment opportunity upside TEV ($B) Date of recent capital raise Amount raised to date First successful commercial flight date Total number of successful missions Source: Company websites, press. SPACEX $46.0 August 2020 $5,870M July 2009 106 PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE Relativity $2.3 November 2020 $685M N/A First space mission expected in late 2021 Aid ROCKET LABD $1.4 October 2018 $257M November 2018 17 ASTRA 31#33PUBLIC PEER OPERATIONAL BENCHMARKING Revenue CAGR 142.2% ASTRA 46.3% 807.2% ASTRA QuantumScape (1) 31.3% Adj. EBITDA Margin Median: 101.9% 149.7% Note: Market data as of 12/30/2020. (1) QuantumScape represents 2025E-2027E CAGR. (2) Viasat represents 2019-2021E CAGR. (3) As of 12/18/2020. LUMINAR -chargepoin+ 2023-2025E 25.2% (4) LUMINAR QuantumScape 54.0% Median: 20.2% 2025E 15.2% DRAFT KINGS 29.7% (4) QuantumScape represents 2027E EBITDA margin. Source: FactSet, Wall Street research, public filings, Company management. DRAFT KINGS 12.5% -chargepoin+ Median: 81.0% 280.8% ASTSpaceMobile 97.5% 81.0% Median: 61.3% ASTSpaceMobile MOMENTUS 61.3% MOMENTUS I I 34.2% P GALECTIC 28.0% GELACTIC 13.6% Viasat 61.5% Median: 9.4% (2) " iridium 9.4% ORBCOMM Median: 23.8% 23.8% 6.7% Category Leading de-SPACS PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE iridium ORBCOMM Viasat. 20.5% 22.1% BOEING 24.0% MAXAR TECHNOLO 2020-2022E 10.0% AIRBUS Recent SPACE de-SPACs 2021E 21.2% L3HARRIS Median: 5.3% 8.9% MAXAR 15.6% LOCKNEED MARTIN 5.3% L3HARRIS Median: 14.3% 14.3% GRUMM Satellite Operators 5.1% NORTHROP GRUMMAN 4.9% AEROJET ROCKETDYNE 13.8% 12.0% AEROJET (3) ROCKETDYNE (3) AIRBUS ASTRA 4.1% LOCKNEED MARTIN 7.7% BOEING Aerospace & Defense 32#34PUBLIC PEER VALUATION BENCHMARKING TEV / Revenue 1.4x ASTRA 3.1x 15.9x TEV / Adj. EBITDA ASTRA 66.9x Median: 10.3x 12.3x (1) 2025E LUMINAR QuantumScape -chargepoin+ DRAFT KINGS 50.9x 8.3x -chargepoin+ LUMINAR Median: 49.9x 2025E 49.0x (1) 7.4x QuantumScape 48.6x DRAFT KINGS 9.3x GELACTIC 33.3x Median: 1.3x GALACTIC 1.3x MOMENTUS Median: 2.0x 2.0x MOMENTUS Note: Market data as of 12/30/2020. For SPAC transactions that have closed, TEV is based on latest available filing. For SPAC transactions announced but not yet closed, TEV is based on the investor presentation or latest S-1 available. (1) Quantumscape represents 2027E multiple. (2) Represents implied transaction multiple from Lockheed Martin's announced acquisition of Aerojet Rocketdyne on 12/20/2020, after special dividend issuance; Trading multiples as of 12/18/2020. Source: FactSet, Wall Street research, public filings, Company management. ASTSpaceMobile 0.8x I I 0.8x ASTSpaceMobile 11.4x Median: 2.7x 18.6x 2.7x Wiridium ORBCOMM Viasat Median: 11.4x 11.4x 1.3x Category Leading de-SPACS iridium ORBCOMM Viasat" PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 6.1x 2.6x MAXAR TECHNOLO 26.2x & BOEING 2021E 2.4x Recent SPACE de-SPACs L3HARRIS 2021E 12.3x AIRBUS Median: 1.6x 2.0x BOEING 11.5x Median: 11.1x NORTHROP 1.6x GRUMMAN NORTHROP GRUMMAN 11.1x L3HARRIS Satellite Operators 1.6x LOCANEED MARTIN 10.9x MAXAR TECHNOLO 1.5x 1.9x(2) 1.3x AEROJETS AIRBUS ROCKETDYNE 10.4x ASTRA LOGINEED MARTINA 14.5x(2) 9.7x AEROJET ROCKETDYNE Aerospace & Defense 33#35TRANSACTION REPRESENTS ATTRACTIVE DISCOUNT TO PEERS ($ in Millions) $8,331 $6,943 10.0x - 12.0x2025E Adj. EBITDA 2025E Adj. EBITDA: $694M(1) Discounted back 4 years at 20% discount rate Source: Management estimates. (1) Before stock-based compensation. $4,018 IMPLIED FUTURE ENTERPRISE VALUE IMPLIED CURRENT ENTERPRISE VALUE $3,348 $2,123 3.1x 2025E Adj. EBITDA 42% discount PRO FORMA ENTERPRISE VALUE PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 72% discount SUMMARY OF APPROACH ● . ● ● ASTRA 2025E projected financials-based valuation is appropriate given Astra's significant revenue growth and confidence in the ramp to steady-state Adj. EBITDA margins of ~50% The applied range of multiples are centered around the median of Astra's expected long-term peer group (11.1x 2021 Adj. EBITDA), with sensitivity built in on both the high and low ends The Implied Future Enterprise Value is discounted back four years at a 20% discount rate to arrive at an Implied Current Enterprise Value The deal is priced at a substantial further discount to the Implied Current Enterprise Value (>40%) 34#36Launch a new generation of space services to improve life on Earth PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 35#37ASTRA IS AN ATTRACTIVE OPPORTUNITY FOR PUBLIC INVESTORS TO PARTICIPATE IN THE COMMERCIAL SPACE ECONOMY Creates the first and only Public Hyperscale Space Platform Only potential provider of daily, low-cost and global access to Space Uniquely positioned offering with unmatched value proposition to mega- constellations Proven technology that is far along the development curve; the third privately funded U.S. company to achieve orbital launch capabilities Strong commercial traction with over $1.2B in pipeline opportunities ESG friendly given climate-focused end-use applications and environment-conscious manufacturing choices World-class management team with unparalleled industry experience at NASA and SpaceX Source: Wall Street Research. (1) Per Morgan Stanley Research. (2) Factors in Euroconsult and Management estimates for satellite launches. (3) Based on projected FY'21 DoD and NASA budgets from Jefferies, What's Up in Space: Now Launchers, Same Incumbents (Aug 2020). (4) Based on $410M 2008 valuation per PitchBook. PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE As the only publicly- traded satellite launch company, Astra represents a pure- play opportunity to partake in the momentum of tomorrow's Space Economy $1.0+ TRILLION Space Economy in 2040(¹) > 38K ASTRA Satellites to be launched 2020-2029(2) $40.7 BILLION Government investment in Space(3) $1.2+ BILLION Pipeline $46 BILLION Valuation for SpaceX today, representing -48% CAGR since reaching Orbit in 2008(4) 36#38PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA APPENDIX 37#39GLOSSARY OF KEY TERMS ● ● ● ● ● ● ● Gap Filling: Represents launching satellites to fill out an orbital plane that already has a number of operational satellites GEO: A satellite in geostationary orbit appears fixed at the same place in the sky around the equator and allows for user terminals with fixed antenna. GEO altitude is 22,300 miles Geostationary: Moving in a geosynchronous orbit in the plane of the equator, so that it remains stationary in relation to a fixed point on the Earth's surface; this orbit is achieved at an altitude of 22,300 miles (35,900 km) above the Earth LEO: Low-Earth Orbit satellite that orbits less than 1/17 the distance from the earth than a GEO resulting in lower latency; however, LEO satellites move in the sky vs. GEO satellites that appear fixed Non-GEO or NGEO: Low- or medium-earth orbit satellites orbiting closer to the earth resulting in lower latency than GEO satellites; however, NGEO satellites move in the sky vs. GEO satellites that appear fixed in the sky Orbit: The curved path of a celestial object or spacecraft around a star, planet, or moon, especially a periodic elliptical revolution Orbital Plane: The orbital plane of a revolving body is the geometric plane in which its orbit lies. Three non- collinear points in space suffice to determine an orbital plane Payload: Payload is the carrying capacity of an aircraft or launch vehicle, usually measured in terms of weight Sun-Synchronous Orbit: A Sun-synchronous orbit, also called a heliosynchronous orbit, is a nearly polar orbit around a planet, in which the satellite passes over any given point of the planet's surface at the same local mean solar time PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 38#40ASTRA ROCKET DESIGNED TO BE MASS MANUFACTURED AT SCALE Focus on all-metal manufacturing to leverage learnings and automation of past 20 years in Automotive assembly PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA 01- 39#41ASTRA LAUNCH SYSTEM IS PORTABLE AND GLOBAL Launch system fits in four standard shipping containers and only requires six Astra employees at launch site P4-LAS PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 6210 CASE AIM. MAINTENANCE 539-2346 ASTRA 40#42ASTRA IS UNIQUELY POSITIONED TO SERVE THE SATELLITE MARKET ASTRA SMALL LAUNCH COMPETITORS (<500 KG) MEDIUM LAUNCH COMPETITORS (<1,500 KG) HEAVY LAUNCH COMPETITORS (>1,500 KG) FIREFLY AEROSPACE SPACEX Source: Company website, press, and Wall Street Research. (1) Range of orbital destinations available to small satellite customers. AID ROCKET LABD Relativity arianespace arianeGroupP Virgin ORBIT abl space systems ROSCOSMOS CADENCE 300+ LAUNCHES / YEAR <50 LAUNCHES / YEAR < 25 LAUNCHES / YEAR < 30 LAUNCHES / YEAR PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE DEDICATED LAUNCH PRICE $$ $$$ $$$$ RANGE OF ORBITS(¹) C ASTRA TECHNOLOGY READINESS 41#43ASTRA MEETS THE NEEDS OF TODAY'S CONSTELLATIONS Astra's dedicated direct orbital delivery eliminates the need for an orbit raise or in-space shuttling saving customers time and reducing risk of delay ASTRA (1) Gap filling represents launching satellites to fill out an orbital plane that already has a number of operational satellites. RAPID Real-Time, Point-to-Point Satellite Delivery GLOBAL From Anywhere on Earth AFFORDABLE Launch Vehicle Optimized for Cost IDEAL FOR KEY USE CASES PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE TEST SATELLITE LAUNCHES SYSTEM DEPLOYMENT GAP FILLING(1) REPLENISHMENT ASTRA 42#44LAUNCH 3.2 PRESS COVERAGE 11 Rocket launch startup Astra has joined an elite group of companies that can say their vehicle has actually made it to orbital space - earlier than expected... This marks a tremendous win and milestone for Astra's rocket program. 11 The success of this launch... is a vindication of the company's iterative approach to launch vehicle development. T TechCrunch They worked something of a miracle, readying Rocket 3.2 and getting it to the company's launch site in Alaska in fewer than three months. This in and of itself is a rather notable achievement. Compared to other commercially developed small rockets, three months is a blink of an eye. Northrop Grumman took 15 months... SpaceX needed a year...and Rocket Lab required eight months. I SPACENEWS ars TECHNICA Going fast in the aerospace business is a rarity... but the U.S. government has made speedy rocket launches something of a national priority, and Astra stands as a Department of Defense darling right now. 11 There's a new name to take seriously in the commercial space launch game following the launch on Tuesday of Astra's Rocket 3.2. 11 11 Astra is the most SpaceXy smallsat launch company. Three launch vehicles sent to the pad in 2020. Each of them got significantly further than the previous. 11 Fast and furious wins the race to space. Deployment of the kick stage is breathtaking - like a sci fi movie. Congrats to Chris Kemp and the entire Astra team!!! A star is born. " PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE ASTRA Bloomberg cnet MICHAEL BAYLOR NASASPACEFLIGHT.COM STEVE JURVETSON FOUNDER OF FUTURE VENTURES 43