What Happened to Redwire Corporation?
Ticker: RDWSPAC Year: 2021Merger: 2021
Return
+20.0%
Current Price
$12
Peak Price
$19.5
Trust Size
$310M
Summary
Space infrastructure company making antennas, solar arrays, and 3D printing for satellites. One of the rare space SPAC survivors with real government contracts.
What Happened
Redwire merged with Genesis Park Acquisition Corp in September 2021. The company provides spacecraft components and 3D printing in orbit. It has real contracts with NASA, the US Space Force, and commercial satellite makers. Revenue grew from $130M to $300M+. Unlike most space SPACs, Redwire sells actual hardware that gets launched into space. Stock dipped to $3 in 2023 but recovered to $12 on strong earnings.
Key People
Timeline
2021-03
SPAC merger announced
2021-09
Merger completed
2022-12
Revenue hits $200M
2023-06
Stock hits low of $3
2025-01
Stock recovers to $12 on strong earnings