Why Redwire Stock Keeps Dropping
Source: Motley Fool
2026-06-22 13:28:57 ET
Is Space Exploration Technologies (NASDAQ: SPCX) stock bad for space stocks? In a year that saw Redwire (NYSE: RDW) stock double in the run-up to the SpaceX IPO , that sounds like a strange question, but here's the thing:
SpaceX might be both good and bad for space stocks like Redwire.
Case in point: This morning, SpaceX announced plans to float (a rumored) $20 billion of debt in what it's calling its "Inaugural Bond Issuance." SpaceX stock is down 10.5% through 12:50 p.m. ET on the news, and Redwire is down 8%.
Redwire Corporation
NASDAQ: RDW
RDW Trading
2.43% G/L:
$8.655 Last:
14,240,896 Volume:
$8.50 Open:
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