ASTR Stock Recent News
ASTR LATEST HEADLINES
Industrial sector stocks have reversed 2022 alpha to start 2023. A move in favor of speculative assets, including non-profitable names, benefits what was crushed last year.
Shares of Astra Space (NASDAQ: ASTR ) stock are in full focus as CEO Chris Kemp recently disclosed an insider purchase of 250,000 shares at an average price of 47 cents per share. Shares of the former special purpose acquisition company (SPAC) have gravitated back to Earth this year and are down more than 90% year-to-date.
Space company Astra's management team is undergoing another shake-up. The company said Friday that chief engineer Benjamin Lyon has resigned after just short of two years in the role.
Beleaguered rocket-builder Astra is losing highly touted chief engineer Benjamin Lyon, the company announced Friday.
Aerospace & defense stocks have performed well on an absolute and relative basis in 2022. One very small concept name continues to struggle, however.
Astra Space (NASDAQ: ASTR ) layoffs are in the news as the rocket company shifts focus away from its space services offerings. This latest news has Astra Space announcing layoffs that affect 16% of its employees.
Astra, a rocket startup that went public last year, told investors Tuesday it laid off 16% of its workforce as part of a wider strategy to increase shrinking financial runway and decrease expenses. The company also said it would reduce near-term investments in space services to grow its core businesses: namely, launch and spacecraft engines.
Astra Space, Inc. (NASDAQ:ASTR ) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Andrew Hsiung - VP, Strategic Finance and Capital Markets Chris Kemp - Founder, President, Chairman & CEO Axel Martinez - Chief Business Officer Martin Attiq - Chief Business Officer Conference Call Participants Edison Yu - Deutsche Bank Ronald Epstein - Bank of America Merrill Lynch Operator Good afternoon, and welcome to Astra's Third Quarter 2022 Financial Results Conference Call. [Operator Instructions].
Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses
Astra announced Tuesday it would lay off about 16% of its employees as the space company faces a pivot in its rocket development program.
Embattled small rocket-builder Astra said Friday it received a delisting warning from the Nasdaq after its stock spent 30 straight days below $1 per share.