SpaceX IPO excitement is reaching a fever pitch, and driving space stock prices higher this morning — with or in the case of Redwire Corporation (NYSE: RDW), without any other news.
Shares of Redwire, a specialist in building space infrastructure such as spacecraft docking systems, solar panels, and satellite antennas, jumped more than 12% out of the gate before reversing and giving back all its gains
As of 9:45 a.m. ET, Redwire shares are down 0.5%. SpaceX IPO: Good news and bad news for space stocks Why so much volatility for Redwire?
I’ve got a few theories about that. Start with the IPO news: Over the weekend, Reuters reported that SpaceX has moved up its IPO date. The company will begin its “roadshow” marketing the IPO to investors on June 4, then price the IPO on June 11, and trading will therefore begin the next day.