Replies to post #280 on Astra Space Inc (ASTR)

[stargazer123]

News release:
Hoping to chalk up the company's second successful flight, California-based Astra fired off a 43-foot-tall rocket from the Cape Canaveral Space Force Station in Florida on Thursday, but the vehicle's upper stage appeared to tumble out of control moments after engine ignition. The rocket's payload — four small NASA- and university-provided research satellites booked under a $3.9 million contract through the space agency's Venture Class Launch Services program — was lost in the mishap.

Which sounds bad, and the stock dropped. But we have a great management team whose members have worked at NASA etc. The first stage worked perfectly. Telemetry will show what went wrong with the second stage.

All new rockets have bugs that need to be worked out. They will be and the stock price will recover.

What we actually have here is a good buying opportunity.