Astra Space, a company providing dedicated orbital launch services for payloads and small satellites, has officially stopped trading on the Nasdaq per a US Securities & Exchange Commission (SEC) regulatory filing dated July 18, 2024.

The delisting resulted from the ASTR stock performing poorly over the past year, falling by more than 90%, along with other liquidity and financing obstacles. During this time, the company was also considering selling parts of its rocket factory and other equipment to generate funding in October 2023 .

Analyst QuickTake: The take-private deal with the company's founders was officially announced in March 2024 following the idea being proposed in November 2023 , where Astra Space would merge with Apogee Parent Inc. Apogee Parent announced it would buy all shares of Astra's common stock which are not already owned for USD 0.50 per share at a valuation of ~USD 11.3 million.