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Why Astra Space Stock Rocketed Today

·1 min read
Why Astra Space Stock Rocketed Today

Space sector start-up company Astra Space (NASDAQ: ASTR) has more than 50 launches under contract, but the latest one it announced today has investors especially excited. The reaction has shares of Astra trading 30% higher as of 2:45 p.m. EDT. After going public through a merger with a special purpose acquisition company (SPAC) last month, the space company already had plans to be taking customer payloads into low Earth orbit beginning this year.