Astra jumps 25% upon update on US Space Force launch

A rocket boost for the stock: The launch startup Astra Space announced its first commercial orbital launch for the United …
Astra jumps 25% upon update on US Space Force launch

Athens, 6 August 2021. – A rocket boost for the stock: The launch startup Astra Space announced its first commercial orbital launch for the United States Space Force for the end of August and the stock of the Nasdaq-listed company rose by nearly 25% yesterday.

Space Force contracted the launch through the Defense Innovation Unit’s Other Transaction Agreement with Astra and will be launching a test payload for its Space Test Program, the company said.

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The mission will be conducted from Astra’s Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska.

Following this launch, Astra is under contract to perform a second launch later this year.

Astra claims to be “the fastest company to reach space” with its first flight to space within only four years after its inception, it says.

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