The Margin: What to know about the Astra rocket launch from Cape Canaveral on Monday

For years NASA was main organization who would routinely launch aircraft into space. That is certainly no longer the case.

During the last few years, other companies including Elon Musk’s SpaceX, Amazon
AMZN,
+0.66%

founder Jeff Bezos’s Blue Origin and Richard Branson’s Virgin Galactic
SPCE,
-3.89%
,
began launching rockets, and sometimes people, into the final frontier.

Enter Astra
ASTR,
-9.19%
,
the newest aerospace launch vehicle company .

Astra is a fairly new company as it was founded in 2016 by Chris Kemp and Adam London — it trades on the NASDAQ
COMP,
-0.04%

Compsite Index under the ticker symbol ASTR.

According to Astra’s website, the company goal is “to improve life on Earth from space by creating a healthier and more connected planet.”

And a huge step toward that goal is its first-ever rocket launch from Cape Canveral, Fla. with NASA on Monday. The Astra Rocket 3.3 was scheduled to launch between 1 p.m. and 4 p.m. EST, which can be streamed on Astra’s website, or on YouTube. It was on a hold just minutes before liftoff at 1 p.m. ET.

The objective of its ELaNa 41 mission is to launch four small, shoebox-sized satellites known as CubeSates, which is part of a $3.9 million contract with NASA’s Venture Class Launch Services program. That’s according to the launch details provided by Astra. There will be no humans on board.

Astra’s rocket will be the smallest orbital-class launcher to ever fly from Cape Canaveral, and it is one of the smallest satellite launchers in the world. Watch the livestream below.

Astra has successfully launched aircraft in the past. Its last launch came in November during a demonstration mission with a U.S. Space Force payload from another one of the company’s spaceports in Kodiak, Alaska, according to the Orlando Sentinel.

Monday’s launch was originally set to take place on Saturday, Feb. 5, but was rescheduled after a range hardware failure.

Share:

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…

Latest News

Daily News on Investing, Personal Finance, Markets, and more!

Financial News

Financial News

Policy(Required)

Financial News

Daily News on Investing, Personal Finance, Markets, and more!

Financial News

Policy(Required)