Astrotech Stock Rockets 500% After Moon Quantum Plan — The Risk Traders Should Watch
Astrotech Corp shares surged 524% to $15.42 Wednesday after the company announced plans to explore lunar resource development and Moon-based semiconductor manufacturing. Trading volume topped 111 million shares, pushing market value to about $26 million. The company has no NASA contracts and reported a $3.8 million quarterly loss on $343,000 revenue. Astrotech’s core business remains mass spectrometry and gas chromatography.