Astra Space Inc. NASA Rocket Failed to Deliver

PUBLISHED Jun 13, 2022, 2:26:45 AM        SHARE

img
imgChaster Johnson

Why is Astra Space Inc (ASTR) Likely Falling?

The first two NASA TROPICS cubesats to study hurricanes were lost June 12th after suffering a second-stage failure. These are the first of a constellation of satellites that will be launched this year. Astra's three-mission TROPICS deal with NASA is worth a total of $7.95 million for the company.

Why Does this Launch Failure Indicate ASTR will Fall?

Because simply, the last time Astra Space failed a rocket launch in February, their stock tumbled. Even if a bull rally occurs next week in the general market, expect investors to be heavily spooked comes Monday morning.

Is Astra Space Inc. still a Long Term Buy?

As I laid out in my long term analysis of ASTR, the company has a lot of opportunity. They are setting themselves up to be the key holders to space for businesses around the world. I recently wrote another analysis after SpaceTech Day showcasing how mission launch was now the critical path to success. If they cannot eliminate failed launches, investors will either be holding a failed business or diluted shares.

The executive team and NASA did plan on failures, with Astra's CEO noting that 66% success will be good. I am pleased that the company is willing to learn fast as they attempt to rapidly drive down cost. These satellites were the size of a bread box so the loss is not too extravagant. But if you hear about this problem again and again, well, then its probably time to sell:

"We had a nominal first stage flight; however, the upper-stage engine did shut down early and we did not deliver our payloads to orbit," said Astra's Amanda Durk Frye, senior manager for first stage and engine production.

Though future problems can be expected, if ASTR is to be a successful company they hopefully will not repeat this problem again.

Cover image from NASA.org

I/we have a position in an asset mentioned
**POSITION UPDATE**

ASTR, Buy

Astra Exploratio...
Return: -99.56%

ASTR, Buy

Return: -99.56%


Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Is Disney a Buy?
Image

Post-Pandemic Entertainment vs Inflation/Recession

IS ZOOM STILL A BUY?
Image

During the pandemic, Zoom experienced fast accelerated growth with spectacular earnings. Its stock traded at among the highest prices in the market. Today, pre-pandemic cultures have resumed, and the video communications growth has slowed down. Is its stock still a buy?

NVIDIA: ANALYSIS OF FINANCIAL RESULTS FOR FIRST QUARTER FISCAL 2023
Image

On May 25, 2022, Nvidia Corporation reported its first quarter fiscal 2023 earnings. The results beat stock analysts speculations especially based on the last quarter’s outlook.

Is Astra Space Inc Still a Buy After Their SpaceTech Day?
Image

Astra's SpaceTech day shed light on Astra's significant strides into space. But is it enough to invest in the company?

Is Astra Space Inc. (ASTR) a Buy Right Now?
Image

Astra Space Inc. is a space stock that could potentially be a big player as the space industry matures. But with the market falling, is it a good stock to consider right now?

Lockheed Martin is a Great Dividend and Space Stock
Image

Lockheed Martin has a dividend yield of 2.5% as of Q2 2022. Let's discuss how LMT has kept a healthy dividend as a leader in space and military technologies.

Is Roblox Still a Buy in Q2 2022?
Image

Is Roblox (RBLX) still a buy, a hold, or a sell? Let's take a look at Q1 2022 to see what's changed for Roblox.

F45 vs CrossFit
Image

Attached is an article excepted from Pretty Brave Fitness, a group training organization for girls, on the differences between F45 and CrossFit. It focuses on which program could be best for women/girls but the information can be useful to men as well (i.e. cardio vs strength training) to determine the best option for your fitness goals.

TL;DR GameStop recent Earnings Results
Image

Now that the dust has settled, how is our favorite meme stock doing?

The Cryptocurrency You Should Hold Forever
Image

These are the coins you should keep forever and the reasons why they are innovative

Resources for Publishers
Resources for New Investors
Boosted with BossCoin
Financial Literacy Leaders
user_profile
Wise Intelligent
user_profile
Tom Hamilton
user_profile
Mark Robertson
user_profile
Kevin Matthews II
user_profile
Akeiva Ellis
user_profile
Brendan Dale
user_profile
Kenneth Chavis IV
user_profile
Sharita Humphrey