NEW YORK, June 7, 2026, 12:04 EDT
Redwire Corp. finished the week off roughly 25%, dropping after gains from a space-agriculture deal faded. Traders sold off speculative space names as Wall Street turned lower. Redwire closed at $18.45 Friday, losing 13.91%. It was at $24.57 on May 29.
Redwire heads into Monday with the focus shifting to whether contract wins can keep up with a stock that’s already outpaced near-term earnings. Investors are watching, since Redwire has turned into a smaller public name traders use to get exposure to the space economy, along with Rocket Lab, AST SpaceMobile and Intuitive Machines.
Jefferies’ Sheila Kahyaoglu downgraded Redwire to Hold from Buy on Monday after Barron’s reported the stock had surged 163% in a month. Even though Kahyaoglu lifted her price target on Redwire to $24 from $13, she said there’s “limited near-term upside,” Barron’s reported. Barron’s
Redwire shares were volatile this week. The stock dropped 15.83% Monday, lost ground Tuesday, slipped another 9.52% Wednesday, rallied 15.09% Thursday, then fell again Friday. Trading stayed busy, with 74.96 million shares traded Thursday and 54.05 million Friday, according to Investing.com data.
Redwire shares got a lift Thursday after the company said it landed a contract with Astrobiome Space, a biotech group in Luxembourg. Redwire will grow wild strawberries and test soil-enhancement tech for Astrobiome inside its Greenhouse module on the International Space Station. Marc Dielissen, Redwire Europe’s executive vice president, said it’s an “exciting step forward.” Astrobiome’s founder and CEO Vera Mulyani said she hopes to go to Mars and “taste the Earth.” Redwire Corporation
Redwire’s commercial space greenhouse grabbed attention after a contract win, but the company’s valuation debate is still unsettled. Redwire shares climbed 11% to $20.75 after news of the contract, according to Morningstar citing Dow Jones. The swift move showed traders jumping on a relatively small contract story in a thin and volatile area.
Stocks got hit Friday. U.S. equities slid after hot jobs figures raised fears the Fed could hold rates up for longer. The S&P 500 dropped 2.64% and the Nasdaq Composite gave up 4.18%, according to Reuters. Higher rates make it harder for companies that won’t earn much until further out, since investors lower the value of those future profits.
Rocket Lab dropped to $110.08, AST SpaceMobile was at $93.60, and Intuitive Machines sank to $29.36 in Friday trading. All three stocks were under double-digit or near-double-digit pressure in the session, according to market data. Peers took hits as well.
Redwire is still banking on orders to drive growth. In May, the company said first-quarter revenue was $97.0 million, up 57.9% from last year, with backlog hitting a record $498.1 million. Backlog, or jobs won but not yet counted as revenue, was a focus. Book-to-bill came in at 1.92. CEO Peter Cannito said demand was “very strong.” Redwire also logged a net loss for the quarter of $76.5 million, and stuck to its 2026 revenue target of $450 million to $500 million. Redwire Corporation
The risk for space stocks hasn’t gone away. Shares have traded in part on hopes for SpaceX’s IPO, and if that doesn’t meet expectations, money could leave the sector. Barron’s said SpaceX was aiming for a $135 IPO price with a valuation near $1.75 trillion, which is lower than the $2 trillion number some investors had mentioned; that gap could keep space names volatile this week.
