The category of space race stocks just got a little smaller. After months of struggling, Astra Space and ASTR stock have stopped trading on the Nasdaq, per a U.S. Securities & Exchange Commission (SEC) regulatory filing dated July 18, 2024.
Hypergrowth stocks have tremendous allure. Investing in just one company like Nvidia (NASDAQ: NVDA ) or Amazon (NASDAQ: AMZN ) in its early days can lead to life-changing returns.
Investors are increasingly turning to space stocks as attractive opportunities to grow their wealth. High-profile entrepreneurs like Jeff Bezos and Richard Branson have paved the way with their private spaceflight ventures in recent years.