{"id":22131,"date":"2022-08-26T22:49:43","date_gmt":"2022-08-26T14:49:43","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/astras-stock-continues-to-plummet-after-rocket-3s-discontinuation\/"},"modified":"2022-08-26T22:49:43","modified_gmt":"2022-08-26T14:49:43","slug":"astras-stock-continues-to-plummet-after-rocket-3s-discontinuation","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/astras-stock-continues-to-plummet-after-rocket-3s-discontinuation\/","title":{"rendered":"Astra\u2019s stock continues to plummet after Rocket 3\u2019s discontinuation"},"content":{"rendered":"<figure class=\"img-border featured-image\">\n<p>\t<img decoding=\"async\" width=\"100%\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;us_privacy=1YNN&amp;gpp=DBABL~BVQqAAAAAg&amp;gpp_sid=7&amp;client=ca-pub-7125080057269629&amp;output=html&amp;h=280&amp;num_ads=1&amp;adk=2072073738&amp;adf=712772469&amp;pi=t.aa~a.3843448772~i.11~rp.4&amp;abgtt=7&amp;w=775&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1783315069&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=4018519472&amp;ad_type=text_image&amp;format=775x280&amp;url=https%3A%2F%2Fspaceexplored.com%2F2022%2F08%2F25%2Fastra-stock-closes-sub-1%2F&amp;host=ca-host-pub-5506057612223327&amp;fwr=0&amp;pra=3&amp;rh=194&amp;rw=774&amp;rpe=1&amp;resp_fmts=3&amp;asro=0&amp;aimartd=4&amp;aieuf=1&amp;aicrs=1&amp;fa=27&amp;dt=1783315069674&amp;bpp=2&amp;bdt=5050&amp;idt=-M&amp;shv=r20260701&amp;mjsv=m202606290101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3Dee20989454fe3a9b%3AT%3D1783311432%3ART%3D1783314932%3AS%3DALNI_Ma_zHTC64Egiec_8HQYi2Rx5xEg8w&amp;gpic=UID%3D000014159597bb56%3AT%3D1783311432%3ART%3D1783314932%3AS%3DALNI_MaDaRPwkK2fSZM7WKlqA_MSZIQskQ&amp;eo_id_str=ID%3De1bb4dd402f9f648%3AT%3D1783311432%3ART%3D1783314932%3AS%3DAA-Afjbi-FNlbfsUQCZWSNVtf2-j&amp;prev_fmts=0x0%2C336x280&amp;nras=2&amp;correlator=6023988101538&amp;frm=20&amp;pv=1&amp;u_tz=480&amp;u_his=1&amp;u_h=960&amp;u_w=1707&amp;u_ah=912&amp;u_aw=1707&amp;u_cd=24&amp;u_sd=1.5&amp;dmc=8&amp;adx=96&amp;ady=1488&amp;biw=1421&amp;bih=637&amp;scr_x=0&amp;scr_y=0&amp;eid=42532524%2C95395661%2C31099492%2C95393484&amp;oid=2&amp;pvsid=1186181061757996&amp;tmod=918922777&amp;uas=0&amp;nvt=1&amp;fc=1408&amp;brdim=133%2C96%2C133%2C96%2C1707%2C0%2C1441%2C720%2C1438%2C637&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=1&amp;pgls=CAk.&amp;ifi=3&amp;uci=a!3&amp;btvi=2&amp;fsb=1&amp;dtd=18\" data-google-container-id=\"a!3\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-query-id=\"CNHnt5mmvZUDFTdXDwIdVb4KGw\"><\/iframe><\/ins><\/p>\n<p class=\"wp-block-paragraph\">On August 24, Astra closed at $0.9280 a share, outside the minimum $1 the Nasdaq requires to remain on the market. If the average closing price remains below $1 for the next 30 days, the Nasdaq could give Astra a formal notice that they will be delisted if the price does not improve. Then Astra could be given up to 180 days to improve its stock price before being delisted altogether. If this happens, shareholders could still retain and trade their shares if the company is moved to the over-the-counter bulletin board or the pink sheets. <\/p>\n<p>\t<span class=\"outbrain-ad-label\"><\/span><\/p>\n<p>\t\t<script type=\"text\/plain\">\n\t\t\twindow.adSlotsConfig = window.adSlotsConfig || [];<\/p>\n<p>\t\t\tadSlotsConfig.push( {\n\t\t\t\tslotID: '\/1049447\/Outbrain',\n\t\t\t\tslotName: 'div-gpt-ad-outbrain-ad-32387',\n\t\t\t\tsizes: [300, 250],\n\t\t\t\tslotPosition: 'mid_article'\n\t\t\t} );\n\t\t<\/script><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-what-s-to-blame-for-astra-s-low-stock-price\">What\u2019s to blame for Astra\u2019s low stock price?<\/h2>\n<p class=\"wp-block-paragraph\">Oh, where to start? There are a number of things to look at that have impacted Astra\u2019s stock price. One place to look is their launch record. Launching their Rocket 3 variant a total of 7 times, Astra has only been able to reach orbit successfully twice. Now, launching rockets to space is a challenging task, doing that while also pleasing shareholders? That\u2019s a whole other story.<\/p>\n<p class=\"wp-block-paragraph\">The company\u2019s most recent launch attempt for NASA\u2019s TROPICS program failed during the second stage burn, causing the loss of both payloads. Since then, Astra has announced the retirement of Rocket 3 and the move to building Rocket 4, a bigger, more capable, and hopefully more reliable rocket. NASA then announced it was looking for alternatives to launch the remaining CubeSats, giving Astra\u2019s competitors the ability to steal the launches away.<\/p>\n<p class=\"wp-block-paragraph\">So low launch performance it is, then, right? Well, it\u2019s definitely part of it. Launches from both Rocket Lab and Astra have led to high market volatility and exchanges pausing trading on those stocks, but other factors could be at play. Astra promised to launch almost daily by 2025, something that is hard to believe with today\u2019s abilities, but we\u2019ve already seen SpaceX push what is possible. However, with Astra still trying to get to space successfully and the smallsat launch market growing more and more crowded, it\u2019s hard to imagine this will come to fruition.<\/p>\n<p><ins data-ad-format=\"auto\" class=\"adsbygoogle adsbygoogle-noablate\" data-ad-client=\"ca-pub-7125080057269629\" data-adsbygoogle-status=\"done\" style=\"display: block; margin: auto; background-color: transparent; height: 0px;\" data-ad-status=\"unfilled\"><iframe loading=\"lazy\" id=\"aswift_3\" name=\"aswift_3\" style=\"left: 0px; position: absolute; top: 0px; border: 0px; width: 775px; height: 0px; min-height: auto; max-height: none; min-width: auto; max-width: none;\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" width=\"775\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" vspace=\"0\" hspace=\"0\" allowtransparency=\"true\" scrolling=\"no\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;us_privacy=1YNN&amp;gpp=DBABL~BVQqAAAAAg&amp;gpp_sid=7&amp;client=ca-pub-7125080057269629&amp;output=html&amp;h=280&amp;num_ads=1&amp;adk=2072073738&amp;adf=1821075794&amp;pi=t.aa~a.3843448772~i.25~rp.4&amp;abgtt=7&amp;w=775&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1783315069&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=4018519472&amp;ad_type=text_image&amp;format=775x280&amp;url=https%3A%2F%2Fspaceexplored.com%2F2022%2F08%2F25%2Fastra-stock-closes-sub-1%2F&amp;host=ca-host-pub-5506057612223327&amp;fwr=0&amp;pra=3&amp;rh=194&amp;rw=774&amp;rpe=1&amp;resp_fmts=3&amp;asro=0&amp;aimartd=4&amp;aieuf=1&amp;aicrs=1&amp;fa=27&amp;dt=1783315069674&amp;bpp=2&amp;bdt=5050&amp;idt=2&amp;shv=r20260701&amp;mjsv=m202606290101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3Dee20989454fe3a9b%3AT%3D1783311432%3ART%3D1783314932%3AS%3DALNI_Ma_zHTC64Egiec_8HQYi2Rx5xEg8w&amp;gpic=UID%3D000014159597bb56%3AT%3D1783311432%3ART%3D1783314932%3AS%3DALNI_MaDaRPwkK2fSZM7WKlqA_MSZIQskQ&amp;eo_id_str=ID%3De1bb4dd402f9f648%3AT%3D1783311432%3ART%3D1783314932%3AS%3DAA-Afjbi-FNlbfsUQCZWSNVtf2-j&amp;prev_fmts=0x0%2C336x280%2C775x280&amp;nras=3&amp;correlator=6023988101538&amp;frm=20&amp;pv=1&amp;u_tz=480&amp;u_his=1&amp;u_h=960&amp;u_w=1707&amp;u_ah=912&amp;u_aw=1707&amp;u_cd=24&amp;u_sd=1.5&amp;dmc=8&amp;adx=96&amp;ady=2490&amp;biw=1421&amp;bih=637&amp;scr_x=0&amp;scr_y=0&amp;eid=42532524%2C95395661%2C31099492%2C95393484&amp;oid=2&amp;pvsid=1186181061757996&amp;tmod=918922777&amp;uas=0&amp;nvt=1&amp;fc=1408&amp;brdim=133%2C96%2C133%2C96%2C1707%2C0%2C1441%2C720%2C1438%2C637&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=1&amp;pgls=CAk.&amp;ifi=4&amp;uci=a!4&amp;btvi=3&amp;fsb=1&amp;dtd=19\" data-google-container-id=\"a!4\" tabindex=\"0\" title=\"Advertisement\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-query-id=\"CKHPt5mmvZUDFb5bDwIdr1MEEg\"><\/iframe><\/ins><\/p>\n<p class=\"wp-block-paragraph\">Only time will tell if Astra will survive the stock market. Maybe, just maybe Rocket 4 will be the company\u2019s savior, and get some large contracts to pull Astra back from this low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 24, Astra closed at $0.9280 a share, outside the minimum $1 the Nasdaq requires to remain on the market. If the average closing price remains below $1 for the next 30 days, the Nasdaq could give Astra a formal notice that they will be delisted if the price does not improve. Then Astra [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-22131","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/22131"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=22131"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/22131\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=22131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=22131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=22131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}