As per the trusted sources of information, the Astra shares reached up to the high of 4.5% to USD 12.90 on 1st July 2021 owing to the launch of the vehicle maker’s first day on the Nasdaq stock exchange. The hike resulted in the rise of around USD 500 million before its first commercial mission in the summers.
The venture has started trading on Nasdaq after its partnership with Helicity, the special purpose acquisition company, whose shareholders approved the deal on 30th June 2021.
The CEO of Astra, Chris Kemp, stated to SpaceNews over an interview that the reason why Astra is standing out from the other competitors is that they have been focusing on scale. He further added that the customers are willing to pay a higher price than the actual price rather than waiting for a year or six months.The company has been hiring former SpaceX employees who have helped the company in setting up the Falcon 9 production line along with the senior positioned people at Tesla, who can help to scale up its facilities to meet the rising demand.