Astra Space Shares Tumbled over 10% After Mission Failure

Tiger Newspress2022-02-11

Astra Space Shares Tumbled over 10% After Mission Failure.

A livestream indicated the flight suffered an anomaly and the payloads for the commercial customers weren't delivered.

"Unfortunately we heard that an issue has been experienced during flight that prevented the delivery of our customer payloads to orbit today," an Astra official said at the end of the livestream. "We are deeply sorry to our customers NASA, the University of Alabama, the University of New Mexico and the University of California, Berkeley."

"We experienced an issue during today's flight that resulted in the payloads not being delivered to orbit," Astra Space tweeted. "We are deeply sorry to our customers @NASA and the small satellite teams. More information will be provided after we complete a data review."

The malfunction comes as this was Astra's first commercial payload that was being deployed into space. The launch was for NASA's ElaNA 41 Mission. The failure is also the second for Astra Space (ASTR) since August when one of the company's rocket engines failed about a second into a launch while carrying a test payload for the U.S. Space Force.

Last week, the Federal Aviation Administration told Astra Space the agency was expected to issue a launch license by February 4.

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Comments

  • koolgal
    2022-02-13
    koolgal
    Astra Space needs to get its act together after its recent mission failure.  That's why its shares tumbled. 🤔
  • Tinysaur
    2022-02-13
    Tinysaur
    Well done. Wait for the pick up. 
  • wywy
    2022-02-12
    wywy
    yea. happy investing
  • MoneyFace168
    2022-02-12
    MoneyFace168
    Try try and try again. Potential of growth is there. I am eyeing with a price to buy
  • Slee49
    2022-02-12
    Slee49
    OK
  • Kostiantyn
    2022-02-12
    Kostiantyn
    Why to invest in Astra if Rocket Lab exist ? They already did quite a lot of successful launches 
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