Redwire Stock Surges 168% in May Amid Anticipation of SpaceX IPO and Strong Q1 Results
Shares of Redwire (RDW) surged by 168% in May, driven primarily by anticipation around the potential SpaceX initial public offering (IPO), where Redwire is a key supplier for orbital data centers. The company also reported strong quarterly results with an 58% year-over-year revenue increase to $97 million and a growing backlog of $500 million.
Tickers: $RDW
Topics: AI_data_centers contract_wins defense_sector space_economy