Stock Groups

Astra stock drops after NASA mission fails mid-launch


Space rocket builders share their shares AstraAfter the failure of its latest mission to orbit, shares fell steeply on Thursday

Astra’s stock plunged 5% to $5.29 per shares, its prior close before volatility was stopped.

NASA funded mission to deliver four sets of cube satellites in orbit, the company acknowledged that there had been an issue with the rocket’s flight.

“I am deeply sorry that we weren’t able to deliver the customer’s payloads. Chris Kemp, Astra’s CEO, said via Twitter that Chris Kemp is currently working with data analysts to provide additional information.

At 3:05 PM, the New York Stock Exchange stopped trading in the stock. ET. The rocket’s upper stages appeared to have fallen out of control, according to the company’s live webcast.

The NASA mission marked Astra’s first launch from Florida’s Cape Canaveral. The company reached orbit for the first time three months ago with its LV0007 rocketLaunched from Kodiak (Alaska).