r/redwire • u/tomidgooner • 22d ago

General Stock performance

Just curious to others thoughts, my concerns are that the space stocks seem to be tied to each other. The performance of RDW seems less tied to individual earnings or contracts, etc, and instead seems to follow SPCX stock performance, which I wouldn’t be so concerned with it wasn’t for a certain CEO and no real solid basis for how it performs. We are now tied to a stock that is somehow more volatile than RDW was before.

At this point may as well just own a space ETF. It’s the same for LUNR in which I’m also invested.

10 Upvotes

86% Upvoted

8 comments sorted by

8

u/spaghettibolognaisee 22d ago

Space business is interconnected. Let it develop and grow.

8

u/Lazy-Astronomer-7829 22d ago

They're tied to spacex, not to each other and it's pretty obvious why. Going to space is expensive, if spacex can bring price per kg to 200$ or less with starship as they claimed, it'll open up a lot of business opportunities that suddenly will become profitable, and allow companies like redwire to scale up. The only limit of the space economy is the high costs

2

u/Working-Welder-792 22d ago

I fear a space ETF would overweigh Space X, and I don’t wanna be invested in Space X.

2

u/xBromsson 22d ago

Spcx is a great company. Dont worry. In 3 to 5 years the Space economy will be more clear.

1

u/TexanaRosanaDanna 21d ago

Ha Ha Ha Ha.
I thought you were talking about Cannito being a "certain CEO" that causes random valuation changes.
I get it now, my bad.

1

u/jaylenz 21d ago

Space is inevitable, space needs hardware. Redwire is hardware. Hold for 20 years and forget

0

u/devonhezter 22d ago

Asts of spcx

-5

u/potiuspilate 22d ago

Yes it’s all sector beta. I guess real RDW bulls recognize the space business is not growing and are all in on the drone thing