Why Redwire Stock Popped Today
Redwire Corporation (NYSE: RDW) stock jumped 5.3% through 11:35 a.m. ET Wednesday, one day after NASA Administrator Jared Isaacman unveiled the space agency's new $20 billion "Ignition" plan to build a base on the moon.
Redwire specializes in building space infrastructure, and a moon base, by definition, comprises a lot of infrastructure. Although Redwire wasn't specifically named in Isaacman's announcement, it's logical to presume it will play a role.
Image source: NASA.
Source Fool.com
