Astra Space Shares Rise After Successful Orbital Launch

Nov 22, 2021 By MarketDepth

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Astra Space, Inc. (NASDAQ: ASTR) shares skyrocketed after the space launch company announced that successfully completed its first commercial orbital launch for the United States Space Force late Friday night, November 19, 2021, PST. The launch, STP-27AD2, was conducted from Astra’s Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska.

Successful Launch

Astra Space indicates that its launch system successfully demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km.

“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.”

Chris Kemp, Founder, Chairman and CEO of Astra

This launch was contracted by The United States Space Force through a Defense Innovation Unit Other Transaction Agreement.

“We owe this success to our incredible team and the culture we’ve built at Astra. I’m humbled by their courage and commitment to keep building, launching, learning, and iterating until we succeeded.”

Adam London, Co-Founder and CTO of Astra

Astra’s mission is to improve life on Earth from space by creating a healthier and more connected planet. According to the Company, it now offers the one of the lowest cost-per-launch dedicated orbital launch service of any operational launch provider in the world.