Why Astra Stock Skyrocketed Today

Shares of Astra Space (NASDAQ: ASTR) surged on Monday after its rocket successfully reached orbit. 

By the close of trading, Astra's stock price was up more than 17% after rising as much as 42.5% earlier in the day.

Astra completed its first commercial orbital launch on Friday night. It was initiated from the company's Kodiak Spaceport in Alaska. The rocket carried a test payload for the U.S. Space Force.

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Source Fool.com