Astra Space Shares soars as space race takes off


Astra Space (ASTR) – Get a report shares soared on Friday on the launch company’s second trading day, following Thursday’s SPAC merger with Holicity.

“With more than 50 launches under contract, we will begin delivering customer payloads to low Earth orbit in the summer of 2021,” Astra said on its website.

“We will begin monthly launches this year as we move to daily launches by 2025,” the Alameda, Calif. Company said.

Space stocks are all the rage now, with Richard Branson’s Virgin Galactic (SPCE) – Get a report, SpaceX by Elon Musk and Blue Origin by Jeff Bezos light up the sky.

Astra stock was trading at $ 15.92, up 23% at last check. Virgin traded at $ 44.20, up 2%, and has taken off 91% in the past six months.

Meanwhile, in the race to see which billionaire gets to space first, it looks like Virgin Galactic founder Branson will have the upper hand, leaving Earth’s atmosphere 11 days before Amazon. (AMZN) – Get a report founder Bezos.

Branson will be one of six people aboard the VSS Unity spacecraft, the company said in a statement. It will also carry three Virgin Galactic employees and two pilots.

Branson defeats Jeff Bezos within nine days. Bezos will fly from West Texas on July 20. He will be joined by his brother, a female aerospace pioneer and winner of a $ 28 million charity auction.

As for Tesla (TSLA) – Get a report Founder Musk, he won a coveted NASA contract in April to build a spacecraft to transport NASA astronauts to and from the moon’s surface as part of SpaceX’s Artemis program.

Amazon is a stake in Jim Cramer’s Action Alerts PLUS investment club. Want to be alerted before Jim Cramer buys or sells AMZN? Find out more now.

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