Orbital Sciences Shares Crash After Its Unmanned Rocket Explodes

Orbital Sciences Shares Crash After Its Unmanned Rocket Explodes

By  at Business Insider

Antares 1

YouTube/Brad Panovich

Orbital Sciences' Antares rocket exploded shortly after takeoff Tuesday night.

And now the company's shares are crashing as well.

In premarket trade on Wednesday, Orbital Sciences shares were down more than 15% after the company's unmanned Antares rocket exploded shortly after taking off for the International Space Station with about 5,000 pounds of supplies.

In a statement, Orbital Sciences said that shortly after takeoff the rocket experienced a "catastrophic failure."

No was hurt in the incident. 

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