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Astra Space (ASTR) up 35% on US Space Force launch

By Joyanta Acharjee

13:26, 22 November 2021

Astra Space launch site
Astra Space designed a rocket that could be mass produced like a car – Photo: Astra Space

Astra Space stock rose Monday on news that the commercial space company made its first successful launch for the United States Space Force.

In pre-market trading, shares were up 35% at $12.85.

The launch was conducted from Astra’s Kodiak Spaceport in Alaska late on Friday night.

‘Historic milestone’

“Reaching orbit is a historic milestone for Astra. We can now focus on delivering for our customers and scaling up rocket production and launch cadence,” Astra founder, chair and CEO Chris Kemp said in a press release.

US100

16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0

Gold

2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30

BTC/USD

38,761.00 Price
+2.700% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

XRP/USD

0.62 Price
+0.920% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Earlier this month, the company reported third-quarter earnings for the period ended 30 September, which saw its net loss widen to $16.2m (£12m) from a loss of $5.2m. 

Founded in 2016, Astra set out to design a rocket that could be mass produced like a car and a launch system that could deliver payloads into orbit from spaceports everywhere.

Read more: Will space shares reach the stars?

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