Astra Space Shares Fell 2% Premarket After Mission Failure

Tiger Newspress2022-02-11

Astra Space shares fell 2% premarket  after the company's rocket launch suffered an anomaly minutes into its flight and the mission failed.

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

  • AndrewL
    2022-02-11
    AndrewL
    Nice 
  • Mml
    2022-02-11
    Mml
    Informative 
  • Bull1973
    2022-02-11
    Bull1973
    Ok
  • ITNerd
    2022-02-11
    ITNerd
    Like and comments please 
  • JovRene
    2022-02-11
    JovRene
    K
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