Why Astra Space Stock Rocketed Higher This Week
Astra Space (NASDAQ: ASTR) believes it knows what went wrong during a failed test launch, and the company is preparing to try again. The news sent the shares sky high, up nearly 14% for the week as of Thursday afternoon.
Astra Space, which joined public markets back in July via a merger with a special purpose acquisition company (SPAC), saw its shares plunge in August after a failed test launch. The company's rocket appeared to move sideways from liftoff, and after about two minutes and 30 seconds of flight, the crew back on Earth issued an all-engine shutdown.
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Source Fool.com
