Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Astra Space Stock Just Dropped 10%

TheMotleyFool

0 0

Five days after completing its special purpose acquisition company (SPAC) IPO and becoming one of the first private space companies to become a publicly traded space company last week, Astra Space (NASDAQ: ASTR) is seeing gravity reassert its hold over the company's share price today.

After leaping nearly 22% (at one point) on July 1, the day of its IPO, and continuing to rise into the holiday weekend, Astra shares are falling now -- down about 9.5% as of 12:30 p.m. EDT on Tuesday.

Image source: Getty Images.

Source Fool.com

Like: 0

ASTR

Share