Rashtra NewsRashtra News
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Notification Show More
Font ResizerAa
Rashtra NewsRashtra News
Font ResizerAa
  • National
  • Rashtra News Hindi
Search
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Follow US
Rashtra News > Latest News > Business > Business News: Astra shares drop 14% after rocket launch attempt aborted and postponed
Business

Business News: Astra shares drop 14% after rocket launch attempt aborted and postponed

News Reporter
Last updated: February 8, 2022 12:13 am
News Reporter
Share
3 Min Read
Business News: Astra shares drop 14% after rocket launch attempt aborted and postponed
SHARE

Astra shares drop 14% after rocket launch attempt aborted and postponed : Rashtra News

#Astra #shares #drop #rocket #launch #attempt #aborted #postponed

The LV0008 rocket briefly fires its engines during a launch abort on Feb. 7, 2022.

Astra

Astra postponed its first mission from Florida on Monday after an abort stopped the company’s small rocket from lifting off.

Shares of Astra fell 13.7% to close at $4.60. Earlier in the day, the New York Stock Exchange halted the stock for volatility shortly after the company’s launch attempt was aborted at around 1-50 p.m. ET.

The company plans to make another attempt at launching the ELaNa 41 mission for NASA. An abort is part of standard procedure in the space industry when an issue is identified before a rocket launches and does not mean the mission failed.

“Unfortunately the abort … was a minor telemetry issue that the team needs to work to resolve,” Astra director of product management Carolina Grossman said on the company’s webcast.

Astra is carrying four cube satellites with its LV0008 rocket on the NASA mission, which is the company’s first launch from Florida’s Cape Canaveral. The company reached orbit for the first time three months ago with its LV0007 rocket, launched from Kodiak, Alaska.

A close up look at Astra’s LV0008 rocket at LC-46 in Cape Canaveral, Florida.

John Kraus / Astra

Astra’s vehicle stands 43 feet tall and fits in the small rocket segment of the launch market. Astra’s goal is to launch as many as its small rockets as it can, aiming to hit a rate of one rocket per day by 2025 and drop its $2.5 million price point even further.

Notably, for this launch Astra received the first Federal Aviation Administration license under Part 450 – a new space industry framework designed to streamline the regulatory process for companies requesting both launch and spacecraft reentry licenses. Astra said the FAA approval process took about three months. This latest development will “make it easier for Astra to launch at a higher frequency out of more launch sites in the United States,” the company said.

The company partnered with NASASpaceflight — a space industry content organization that is not affiliated with the U.S. agency — to webcast the launch.

Latest Sports News | Latest Business News

( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a www.cnbc.com feed.)

Related searches :

  • top business news today
  • business news hindi
  • world business news
  • business news economic times
  • business news share market
  • business news live
  • business news india live
  • zee business news

Related

TAGGED: aborted, Aerospace and defense industry, Astra, Astra Space Inc, Attempt, Breaking News: Business, Breaking News: Technology, business, business news, drop, Launch, Markets, News, postponed, Rocket, shares, Space industry, Technology, The Edge, Transportation
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Surprise0
Joy0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai
Business

DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai

1 month ago
Why Should You Hire Packers And Movers?
Business

Why Should You Hire Packers And Movers?

2 months ago
What Should You Know Before Hiring Packers & Movers?
Business

What Should You Know Before Hiring Packers & Movers?

2 months ago
DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation
Business

DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation

2 months ago

About RashtraNews.com

We're your comprehensive news source, covering a wide range of topics to empower you in all aspects of life. From navigating the world of finance (market trends, personal tips, loans, mortgages, credit) and legal matters (attorneys, lawyers), to staying ahead of the curve in technology (advancements, automobiles, business news) and education (careers, job opportunities, classes), RashtraNews.com keeps you informed.

Latest Updates

  • What Should You Know Before Hiring PUNE Packers & Movers?
  • DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai
  • Why Should You Hire Packers And Movers?
  • What Should You Know Before Hiring Packers & Movers?
  • DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation
  • A Comprehensive Guide to Transportation, Logistics, and Relocation Services Across Cities
  • Global Markets in Turmoil Amid Rising Inflation and Escalating Trade Tensions

Helpful Link

  • Automobile77
  • Business4,347
  • Crime129
  • Education4,542
  • Entertainment58
  • Finance5
  • India9,623
  • Insurance3
  • Legal News6
  • Lifestyle21
  • Media News79
  • Medical Education1
  • Politics4,340
  • Press Release5,319
  • Software100
  • Sports3,095
  • Stock Market2
  • Technology3,180
  • Top Stories7
  • World2,907

Contact Us

To send your suggestions to "Rashtra News", email: [email protected]

To send articles, news, or your opinions: [email protected]
For Business and other enquiries: [email protected]

If you‘ find any violation of the editorial code of conduct or have any other complaint about the content or video content published on "Rashtra News"’, you can send your complaint to our Grievance Officer by clicking on the Grievance Redressal link.

Follow US
©2011-2024 rashtranews.com
  • About Rashtra News
  • Ownership & funding
  • Corrections Policy
  • Fact Checking Policy
  • Privacy Policy
  • Terms of Use
  • Subscribe Now
  • Become a Author
  • Partnership With Us
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?