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Space infrastructure company Redwire stock surges on NYSE debut after closing SPAC deal - TL;DR CNBC

Space infrastructure company Redwire stock surges on NYSE debut after closing SPAC deal

Publishing timestamp: 2021-09-03 15:03:01


Summary

Redwire, a space infrastructure conglomerate, began trading on the New York Stock Exchange after closing a SPAC merger. The company is financially conservative, rapidly growing, and revenue positive. They plan to use the cash from the deal for M&A and internal investments. Redwire is uniquely positioned in the space industry and aims to supply tools and manufacturing for people living and working in space. They have passed several milestones and are providing hardware and services for the space infrastructure market.


Sentiment: POSITIVE

Tickers: ASTRSFTW%5EARKXRKLBSATLRDWOMEGSPIRMNTSASTS

Keywords: space explorationomega alpha spactransportationsatellogic incbusiness newstechnologyark space exploration etfmarketsthe edgesciencebreaking news: technologybreaking news: businessastra space incredwire corpaerospace and defense industrymomentus incspace industrybusinessspire global incrocket lab usa incast spacemobile inc

Source: https://www.cnbc.com/2021/09/03/space-company-redwire-begins-trading-nyse-after-closing-spac-deal.html


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