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More on NASA:

NASA has set a two-hour launch window on November 16 for its Artemis 1 launch. The unmanned launch will be the first of NASA’s Artemis missions that seek to bring astronauts back to the moon for the first time since 1972.

The goal is to establish a presence there before sending people to Mars.

The launch also will be the first flight of Space Launch System (SLS), a 322-foot-tall rocket, and the Orion spacecraft that will carry a human crew in future lunar missions.

Boeing (BA), Northrop Grumman (NOC) and Aerojet Rocketdyne Holdings (NYSE:AJRD) worked together to build parts of the SLS rocket. Lockheed Martin (NYSE:LMT) oversaw the development of Orion. The European Space Agency, Jacobs Engineering Group (J) and the United Launch Alliance, a joint venture between Lockheed and Boeing, also participated in building the spacecraft.

Artemis 1 was originally supposed to launch in late August, but the target date was pushed back by glitches and then Hurricane Ian and Tropical Storm Nicole. NASA officials said if Artemis 1 cannot fly on November 16, the next launch opportunity will be November 19. A major goal of the Artemis program is to land the first woman and next man on the Moon by 2024.

A successful launch is seen as analysts being supportive of stocks in the broader space sector, which has seen share price declines in 2022. Some of the active companies are privately held SpaceX (SPACE), Astra Space (NASDAQ:ASTR), Leidos Holdings (LDOS), Virgin Galactic (SPCE), Maxar Technologies (MAXR), and Rocket Lab USA (NASDAQ:RKLB).