Astra stock ASTR drops after the Space Force launch attempt is interrupted

[The livestream has ended. A replay of the webcast is available above.]

Astra Space cut it short first launch attempt since the company went public, with the engines of the rocket firing for a moment and then it closes down.

The rocket didn’t get up off the ground due to the disruption of the launch and Astra said it will investigate cause of the issue. The company hopes to make another launch attempt like soon like Saturday.

Actions of Astra fell more 10% in after-hours trading since Friday’s close at $ 11.67, before partially rebounding to trade down about 6%.

A screenshot of live streaming of the company’s launch shows briefly the LV0006 rocket engines firing before an abortion caused the postponement of the attempt.

Astra

Astra is launching her LV0006 rocket from the Pacific Spaceport Complex in Kodiak, Alaska. The US Space Force is the first paying customer for an Astra launch, with a test payload flying on superior of the rocket.

The vehicle he is 43 feet tall and fits in the small rocket segment of the launch market. by Astra goal is to launch many small rockets as he can, with the aim of launching one rocket per day by 2025 e drop its $ 2.5 million price aim even further.

The mission want test a variety of upgrades to the Astra rocket from his own last mission in December. While the one before mission made to space, the rocket has arrived just short of reach orbit.

LV0006 on the springboard in Kodiak, Alaska.

Astra

The company window for this launch runs for 16 days until September 11th. A known delayed rocket launch attempt in the industry as a scrub, can occur for a variety of reasons, ranging from bad weather to a technician issue.

Astra cooperated with NASA space flight – a space industry content organization which is not affiliated with the US agency – to broadcast via web the launch.

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