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Astra stock ASTR drops after Space Force launch attempt abort

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[The livestream has ended. A replay of the webcast is available above.]

Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a moment and then shutting down.

The rocket did not lift off the ground due to the launch abort, and Astra said it will investigate the cause of the issue. The company hopes to make another attempt at launching as soon as Saturday.

Shares of Astra fell more than 10% in after-hours trading from Friday’s close at $11.67, before rebounding partially to trade down about 6%.

A screenshot of the company’s launch livestream shows the LV0006 rocket engines briefly firing before an abort caused the attempt’s…



Source cnbc.com

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