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Why Did Red Cat Stock Pop Today?

TheMotleyFool

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Red Cat Holdings (NASDAQ: RCAT) stock jumped 6.4% through 12:10 p.m. ET Wednesday, two weeks ahead of its Q2 2026 earnings report and one day after the Air Force announced a 37.6% increase in its funding request for fiscal 2027.

Image source: Getty Images.

The U.S. Air Force (USAF) announced yesterday it's requesting $338.8 billion. $71.1 billion of this is earmarked for the U.S. Space Force (USSF), but the bulk $267.7 billion would go to USAF itself.

Source Fool.com

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