Redwire Drops After SpaceX IPO, $500 Million Equity Move Cloud 2026 Run
Redwire plunged 11.6% to $15.12 Friday after launching a $500 million at-the-market equity program, fueling dilution worries as investors await proof the company can turn its $498.1 million backlog into revenue and limit cash burn, following a week where space stocks slid and SpaceX’s blockbuster IPO shifted sector attention.