Astrotech Stock Rips Higher After Moon Mission Pitch Sends Shares Up 459%
Astrotech Corp kept most of yesterday’s big gains early Thursday in premarket, after the Austin tech company said its board signed off on a new lunar resource and space infrastructure effort. The push is aimed at quantum computing and semiconductor projects on the Moon down the line. Astrotech jumped into the market’s lunar-infrastructure trade, pulling a thinly valued instrumentation company along for the ride. The stock closed Wednesday at $13.81, a 459.11% gain, after reaching $19.75 earlier. Shortly after 4 a.m. Eastern, MarketBeat listed Astrotech at $14.48 in extended trading and the company was valued around $24 million. Premarket trading takes place before the regular U.S. session.