Why Astra Space Stock Just Jumped

Shares of start-up defense contractor and space launch provider Astra Space (NASDAQ: ASTR) lifted off Monday morning, rising 13.8% through 11:51 a.m. EDT. There were two reasons for this... and you can find them both on Twitter.

Image source: Getty Images.

Reason No. 1: On Thursday, CEO Chris Kemp announced that Astra had received its license from the FAA authorizing it to launch small payloads to orbit through 2026.

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Source Fool.com