![]() Astra had 103 committed orders at the end of the second quarter. Engine orders are one bright spot for the company, as Astra acquired propulsion company Apollo Fusion in 2021. of Securities Class Action Lawsuit and Urges Investors with Significant Losses to Contact the Firm. Create real-time notifications to follow any changes in the live stock price. Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Astra Space, Inc. In its most recent financial results, Astra posted an adjusted net loss of $53 million in the second quarter. View todays Astra Space Inc stock price and latest ASTR news and analysis. The botched flight attempt, the third for Astra’s automated rocket, sent the company’s stock price tumbling down nearly 20 during trading hours Monday. “Whether we’ll be able to commence commercial launches in 2023 will depend on the success of our test flight,” he added. Thus, we will not have any additional flights in 2022,” CEO Chris Kemp said. “We’re working with all of our launch service customers to remanifest and Launch System 2.0. Astra said this means it will not launch again in 2022 and may not launch in 2023, depending on test flights. But the rocket failed in a NASA Venture Class Launch Services 2 mission in February and more recently in its first NASA TROPICS mission in June 2022.Īfter the June failure, the company made the decision to retire its Rocket 3.3 iteration and move to the next version of its launch system. And when the rocket is finally prepared for. It anticipates conducting the first test flights of the system’s 4.0 launcher later this year. Rocket startup Astras stock tanks after botched weekend test flight. Astra is calling the new process Launch System 2.0. Space Force in November 2021 and then again in a March 2022 mission. Stuck Below SPAC Price, Astra Space Stock Can Still Get Off the Ground. Since then, Astra successfully reached orbit in a mission for the U.S. ASTR CFD 52 wk Range, 0.23-1.13 Average Volume (10 days), 1.78M Average Volume (3 months), 39.02M Market Cap, 66.90M P/E Ratio,. ![]() market price of shares of New Astra Class A common stock. The company went public in July 2021, before it had successfully reached orbit. By using readily-available materials and affordable manufacturing processes for its rocket, Astra. “There can be no assurance that Astra will regain compliance with the Minimum Bid Price Requirement or that it will otherwise remain in compliance with the other listing requirements for Nasdaq,” the company said in SEC filings.Īstra was one of the first space companies to go public in the wave of special purpose acquisition (SPAC) mergers. Astra to Delay New Rockets Debut After Cutting 25 of Workforce. Astra also said it could enter a 180-day compliance period or appeal a delist decision. Stock analysis for Astra Space Inc (ASTR:NASDAQ CM) including stock price. Nasdaq could delist the stock if the price does not go up.
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