Is Redwire Stock Yesterday's News?

• News that SpaceX volition IPO this twelvemonth has precocious helped spur gains for Redwire stock.

• Rising request for space-based defence tech could assistance Redwire bushed expectations.

• The company's maturation outlook is hard to map.

• 10 stocks we similar amended than Redwire ›

Space-technology stocks person been reddish blistery precocious arsenic investors ramped up bets connected the industry's imaginable to beryllium the adjacent large thing. After quality deed past period that Elon Musk's SpaceX is poised for an archetypal nationalist offering (IPO) astatine the extremity of 2026, galore space-tech companies person seen important valuation boosts. SpaceX volition reportedly beryllium valued astatine astir $1.5 trillion successful its archetypal nationalist banal merchantability -- and that eye-popping valuation has had bullish spillover effects for Redwire (NYSE: RDW).

On the different hand, Redwire's stock terms is inactive down astir 35% contempt rising valuation tides crossed the abstraction industry. Is betterment momentum for the tech specializer poised to proceed implicit the agelong term, oregon is the stock's bullish tally poised to fizzle out?

Redwire is simply a space-tech institution that makes precocious hardware, including docking systems, uncrewed aerial strategy (UAS) technologies, solar-power systems, and sensors. The institution has a dense absorption connected serving the defence industry, but it besides provides hardware and services for probe and commercialized purposes.

In the 3rd 4th of past year, Redwire's gross accrued astir 51% twelvemonth implicit year, to $103.4 million. Sales maturation for the play came successful beneath the market's expectations, resulting successful a important valuation pullback for the banal pursuing its Q3 report.

Meanwhile, the company's non-GAAP (adjusted) gross borderline improved to 27.1% -- up 9.6 percent points from 17.5% successful the year-before quarter. Even with beardown borderline expansion, the concern coiled up posting a wider-than-expected nonaccomplishment owed to rising operating expenses.

With a marketplace headdress of astir $1.8 billion, the institution trades astatine astir 3.5 times 2026 expected revenue. Based connected the company's caller income momentum, the lawsuit could beryllium made that Redwire really looks cheaply valued astatine existent prices. On the different hand, the company's guardant income maturation trajectory is hard to illustration -- and there's important hazard that aboriginal income show volition beryllium uneven.

Even though charting the company's income outlook involves a precocious grade of speculation, determination are immoderate promising signs. Redwire has continued to onshore meaningful contracts, announcing a $44 cardinal woody with the Defense Advanced Research Projects Agency (DARPA) successful November and a woody to root 2 International Docking System Standard (IDSS) compliant docking systems for The Exploration Company's caller spacecraft past month.