The space named after it is called Astra Space.
The space named after it is called Astra Space.
After the company's rocket successfully reached its destination, shares of the company soared.
According to a press release, the company completed its first commercial launch for the US Space Force Friday night. After 9 minutes at an altitude of 500 kilometers, the Space Force test payload was achieved by the 43-foot LV0007 rocket.
The successful launch was followed by a message from Musk. "Good luck!" He wrote in a message to Astra that it was not easy.
At 8:32 a.m., the stock traded for $13. According to a Fidelity tracker, the 18th highest traded stock was Astra Space, which is known for being bullish on space companies.
Chris Kemp, the CEO and founder of Astra, said in the press release that it was a historic milestone. We can now focus on delivering for our customers and scaling up rocket production.
A group of private space companies have attracted the attention of the retail trader cohort.
Insider reported previously that the successful launch came after several failed attempts. CNBC said that the company hopes to launch a rocket every day by the year 2025.
Business Insider has an original article.
