Astra SPAC Presentation Deck

PUBLIC 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

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