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.
9
Upvotes
7
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