Redwire (RDW) stock surges 8% as anticipation for the massive SpaceX IPO fuels a major rally across the space sector.
Redwire Corp.
(NYSE:RDW) stock surged Thursday as investor excitement surrounding the upcoming SpaceX initial public offering fueled a broad rally across space and aerospace stocks.
The Nasdaq gained 1.00%, while the S&P 500 rose 0.31%.
Investor excitement is peaking as SpaceX prepares to go public on Friday.
The highly anticipated offering is expected to raise approximately $75 billion.
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