Why Redwire Stock Was Blasting Higher This Week

The stock of next-generation space and defense company Redwire (NYSE: RDW) was a hit over the past few trading sessions -- and it generally wasn't because of any proprietary news from the company.

Rather, a report about two associated businesses helped propel its shares higher; they were up by nearly 14% week-to-date as of early afternoon Friday, according to data compiled by S&P Global Market Intelligence.

That article, published Wednesday in The Wall Street Journal, went into detail about the ambitions of Blue Origin and SpaceX to build data centers that orbit in space. Both companies, respectively founded by Amazon's Jeff Bezos and CEO Elon Musk, are business partners of Redwire.

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Source Fool.com