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Why Astra Space Stock Just Jumped

TheMotleyFool

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Why Astra Space Stock Just JumpedPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png

Shares of start-up defense contractor and space launch provider Astra Space (NASDAQ: ASTR) lifted off Monday morning, rising 13.8% through 11:51 a.m. EDT. There were two reasons for this... and you can find them both on Twitter.

Image source: Getty Images.

Reason No. 1: On Thursday, CEO Chris Kemp announced that Astra had received its license from the FAA authorizing it to launch small payloads to orbit through 2026.

Source Fool.com

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