Ticker: ASTR
Hello boys,
Rules for reading this
- This is my first DD, don’t take this as gospel
- I’m pretty retarded, don’t trust me
- It’s rocket science, see #2
- I don’t have a degree in anything, see #2
- I’m not very experienced in trading, don’t trust me
Part 1: Boring shit
Lets start with their business model. Astra wants to get to space the fastest and most affordable way. They use the smallest possible rocket made out of the cheapest materials, steel and aluminum. Despite the small size, their rocket can deliver 500 kilos of payload to low earth orbit (I will refer to this as LEO), under the power of five Delphin engines which each deliver 28kN of thrust. Astra plans for each individual launch to cost 1.5 million dollars. With 500 kilos of payload size, it rivals the RocketLab Electron and costs 5x less. It’s the best bang for your buck if you want to send something out there, and Astra plans to have 300 launches a year. Overall Serious potential for long term growth.
Part 2: Short term opportunities
ASTR has a upcoming launch window for their rocket LV0007 begins November 18th according to their twitter
Last time Astra tested a rocket it did not end so well. We saw the prototype sort of “Tokyo Drift” its way out of there. This was caused by one of the five Delphin engines failing just after ignition, which caused the rocket to briefly fall and then regain its balance. Thankfully, the thrust to weight ratio with four engines instead of five was still over 1:1, which made it possible to fly far enough to safely terminate the mission without destroying the Alaska launchpad.
It may have seemed like a failure, but it could be seen as a success. Many rocket companies see their rockets fail, even SpaceX’s Falcon 1 failed two times before leaving the atmosphere and staying there. The fact that Astra’s rocket regained control after the failure is a testament to how good their technology and software is. It’s very difficult to maneuver a rocket, and even harder when an engine has gone out. They have potential, and their next launch could possibly be a success. Their static fires of the engines have also gone well so far, so its very possible we do not see another major issue.
HOWEVER, rockets are “fuckey” by nature, we are penetrating the atmosphere and defying gravity under millions of pounds of thrust, while going fast as hell. I do not entirely think we will see a full success, but even a partial success could mean ASTR could rip.
Charting and TA: (this section will be bare bones because of rule #5)
The bulls have been taking the elevator up on ASTR in the past month, and its currently in a bull flag pattern
“Tokyo Drift” Launch in august of this year sent this thing up 20%
DISCLAIMER:
I wanted to get this quick DD out because the launch window is starting tomorrow. It’s not finished yet, I want to make a long term section, fix up my charts, add support/resistance, and just more TA in general. Please leave your feedback as it is much appreciated!
](https://i.redd.it/udrgzmsb5u081.jpg%5Bhttps://i.redd.it/udrgzmsb5u081.jpg%5D(https://i.redd.it/udrgzmsb5u081.jpg)){kind=link}