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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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Comment14

  • koolgal
    ·2022-02-12
    Astra Space needs to get its act together after its recent mission failure.  That's why its shares tumbled. 🤔
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    • koolgalReplying toEmilyMark
      I agree
      2022-02-13
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    • koolgal
      Thanks for sharing your insights
      2022-02-13
      Reply
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    • koolgalReplying toBorisBack
      Nice.  Congratulations
      2022-02-13
      Reply
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  • Tinysaur
    ·2022-02-12
    Well done. Wait for the pick up. 
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    • sunflower19
      saving bullets! [LOL]
      2022-02-12
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  • wywy
    ·2022-02-12
    yea. happy investing
    Reply
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  • MoneyFace168
    ·2022-02-12
    Try try and try again. Potential of growth is there. I am eyeing with a price to buy
    Reply
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  • Slee49
    ·2022-02-12
    OK
    Reply
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    • Slee49
      Like
      2022-02-12
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  • Kostiantyn
    ·2022-02-12
    Why to invest in Astra if Rocket Lab exist ? They already did quite a lot of successful launches 
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  • moneymaker1
    ·2022-02-12
    Like thanks
    Reply
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  • andrew123
    ·2022-02-11
    No worry. Try again
    Reply
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  • RS142
    ·2022-02-11
    Too bad 👎
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  • eo1668
    ·2022-02-11
    ohh
    Reply
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  • dahae
    ·2022-02-11
    A
    Reply
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    • eo1668
      ok
      2022-02-11
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    • dahae
      A
      2022-02-11
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  • Bankai
    ·2022-02-11
    $Astra Space(ASTR)$price crash like the rocket 
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    • Croz
      Just monitor if it gonna hit lower low. Set stop loss
      2022-02-13
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    • eo1668
      omg
      2022-02-11
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  • flyingfish28
    ·2022-02-11
    Pls like 
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    • JooL
      [Miser]
      2022-02-13
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    • andrew123
      done.like back
      2022-02-11
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    • cozyli
      done. pls like back thanks
      2022-02-11
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  • KingJo
    ·2022-02-11
    Oops
    Reply
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