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2021-08-30

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Astra stock tumbled after company's weekend rocket launch failure

Astra Space Inc. shares slumped after a weekend launch failed to carry a test payload into orbit, th

Astra stock tumbled after company's weekend rocket launch failure

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The Alameda, California-based company, which recently went public via a special purpose acquisition company run by telecommunications billionaire Craig McCaw, said it had gathered valuable data from the flight and has more rockets ready to test again soon.</p>\n<p>The machine was carrying a test payload for the U.S. Space Force. Astra had its most successful launch in December, when its rocket reached space and then just missed reaching orbit.</p>\n<p>Astra competes with industry leader Rocket Lab USA Inc., which has completed almost two dozen flights dating back to 2017 and is now busy working on a larger vehicle. Virgin Orbit, a private Richard Branson venture separate from Virgin Galactic, completed its first commercial mission in June.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187092561","content_text":"Astra Space Inc. shares slumped after a weekend launch failed to carry a test payload into orbit, the latest setback for the maker of small rockets used to send satellites into space.\nThe company’s 45-foot tall rocket took off unsteadily Saturday from a pad at the Pacific Spaceport Complex in Alaska, flew for more than 2 minutes and then suffered what Astra described as “technical difficulties.”\nAstra shares tumbled as much as 20% in early trading Monday after jumping 21% last week. 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