Astra Space plunges to lowest since debut after mission failure

Astra Space

13/06/2022 15:47

** Rocket maker Astra Space Inc's shares  ASTR.O  tumble 24%
to $1.53 after a failed mission
    ** Stock falls to $1.46, its lowest since going public in
July last year after merger with a blank check company
    ** Shares set for worst day in over four months, if current
losses hold
    ** ASTR's mission on Sunday to send weather satellites for
the National Aeronautics and Space Administration (NASA) failed
after its second-stage booster engine shut down early
 urn:newsml:reuters.com:*:nL1N2XZ0E0
    ** Sunday's mission was ASTR's second failure in 2022 and
fifth of seven launched, including test missions
    ** Stock down 71% YTD, including today's losses

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))