In the face of multiple failures, the company is changing its strategy.

I bought a bunch of November calls on ASTR at fourteen bucks each as lottery tickets after the most recent failure, when the stock price fell to a buck and a half, on the hope that the next launch this summer would be successful. Now they may expire worthless, and I’ll lose about three hundred bucks. But November is still three months away, and the stock could still rally on news.