U.S. markets closed
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • Dow 30

    34,899.34
    -905.04 (-2.53%)
     
  • Nasdaq

    15,491.66
    -353.57 (-2.23%)
     
  • Russell 2000

    2,245.94
    -85.52 (-3.67%)
     
  • Crude Oil

    68.15
    -10.24 (-13.06%)
     
  • Gold

    1,788.10
    +1.20 (+0.07%)
     
  • Silver

    23.14
    -0.40 (-1.70%)
     
  • EUR/USD

    1.1322
    +0.0110 (+0.99%)
     
  • 10-Yr Bond

    1.4820
    -0.1630 (-9.91%)
     
  • GBP/USD

    1.3342
    +0.0022 (+0.16%)
     
  • USD/JPY

    113.2600
    -2.0790 (-1.80%)
     
  • BTC-USD

    54,783.48
    +580.12 (+1.07%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • Nikkei 225

    28,751.62
    -747.66 (-2.53%)
     

Why Redwire Stock Just Went to the Moon

·2 min read
Why Redwire Stock Just Went to the Moon
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of recent special-purpose acquisition company (SPAC) IPO and NewSpace company Redwire (NYSE: RDW) lifted off in afternoon trading Monday, rising as high as a 40% gain at one point. At 12:15 p.m. EDT, a virtually unknown company by the name of "Orbital Reef" tweeted that it plans to build "a commercial space station transforming human space travel and opening access to new markets" and that it has enlisted Boeing (NYSE: BA), Sierra Space (a subsidiary of Sierra Nevada Corporation), Jeff Bezos's Blue Origin space company, and Redwire, too, as its partners.