Rocket builder Astra Area will get delisting warning from Nasdaq

Rocket builder Astra Area will get delisting warning from Nasdaq


A near up seem at Astra’s LV0008 rocket at LC-46 in Cape Canaveral, Florida.

John Kraus / Astra

Embattled modest rocket-builder Astra exposed Friday that it received a delisting warning from the Nasdaq after its stock spent 30 consecutive times beneath $1 for each share, a violation of the exchange’s specifications.

The organization has 180 days to carry its share cost or deal with delisting, in accordance to a regulatory submitting.

Astra inventory closed Friday at 59 cents for every share, down far more than 90% this 12 months and far more than 95% off its 52-week significant of $13.58. The enterprise debuted on the Nasdaq in July 2021 by means of a merger with a exclusive purpose acquisition company.

Astra did not immediately return request for remark Friday on the delisting warning.

The rocket builder has been saddled with quarterly losses and in August mentioned it was pausing flights for the remainder of the 12 months.

“Whether or not we are going to be in a position to start industrial launches in 2023 will rely on the achievements of our examination flights” for a new rocket system, CEO Chris Kemp mentioned in the course of the firm’s next-quarter conference simply call.

Astra is also dealing with a Federal Aviation Administration investigation into a unsuccessful rocket start in June that was carrying a pair of satellites for NASA’s TROPICS-1 mission. The corporation was unable to produce the satellites to orbit, and NASA put the remaining two launches it experienced contracted from Astra on maintain.

— CNBC’s Michael Sheetz contributed to this report.



Source

Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal
World

Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal

Chief executive officer of Google Sundar Pichai. Marek Antoni Iwanczuk | Sopa Images | Lightrocket | Getty Images Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. As part of the deal, Google will […]

Read More
India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE
World

India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE

Investigative officials stand at the site of Air India Boeing 787 which crashed yesterday, on June 13, 2025 in Ahmedabad, India. Ritesh Shukla | Getty Images A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines’ fuel […]

Read More
This coming earnings season could decide if a stock market at record highs has more room to run
World

This coming earnings season could decide if a stock market at record highs has more room to run

The upcoming earnings season will show investors whether the bull case for equities still holds. The second quarter reporting season comes at a pivotal point for the stock market, with the S & P 500 and Nasdaq Composite trading at all-time highs this week even after an onslaught of bad news regarding higher tariffs, a […]

Read More