The Latest SPAC News and Rumors: August 30, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Astra Space shares tumble after rocket fails to reach orbit and Ginkgo Bioworks and Givaudan enter multi-program collaboration 

Astra Space Drops Most Since SPAC Deal After Mission Fails

Astra Space Inc. (NASDAQ:ASTR) shares plunged the most since going public last month after a weekend mission failed to carry a test payload into orbit.

The company’s 45-foot-tall rocket took off unsteadily Saturday from a pad at the Pacific Spaceport Complex in Alaska, flew for more than 2 minutes and then suffered what Astra described as “technical difficulties.”

Astra tumbled 17% to $9.68 after dropping as much as 24%.

Ginkgo Bioworks and Givaudan Enter Multi-Program Collaboration to Produce a Series of Ingredients 

Ginkgo Bioworks, Inc., which is building the leading horizontal platform for cell programming, today announced the signing of a multi-program collaboration with the world’s leading fragrance & beauty company Givaudan.

Ginkgo, which recently announced a business combination with Soaring Eagle Acquisition Corp. (NASDAQ:SRNG), serves customers across industries seeking to develop new and better products.

Givaudan will leverage Ginkgo’s long-established expertise in enabling companies to develop bio-based products to produce a number of innovative and sustainable ingredients through fermentation.