Redwire Drops After SpaceX Listing, Investors Eye Dilution
Redwire Corporation shares fell on Friday, with investors backing away from smaller space stocks after SpaceX’s market debut drew fresh attention. RDW was last at $15.12, down $1.98 or 11.6%. More than 64 million shares traded so far, with the session range between $14.75 and $18.45. The drop stands out since Redwire had been running higher in a broad speculative move in space stocks. Sector shifts like this can squeeze valuations even if the company’s long-term outlook doesn’t change.
