Redwire shares ended a six-day winning streak after gaining 86%. The rally added approximately $2.3 billion to the company's market capitalization. Redwire’s total valuation now stands at roughly $5.0 billion.
Redwire stock fell 4% in overnight trading, mirroring a broader dip in space-related equities. Reports of a lower-than-expected IPO valuation for SpaceX triggered the sector-wide decline. This news cooled recent investor enthusiasm across the space and defense sectors.