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Space Company Redwire Going Public Through SPAC; Sees $1.4 Billion Sales In 2025

Space Company Redwire Going Public Through SPAC; Sees $1.4 Billion Sales In 2025
Peter Cannito, Redwire's chairman and CEO. Photo: Redwire

Redwire, a small space company formed last year through acquisitions, is merging with the special purpose acquisition company (SPAC) Genesis Park Acquisition Corp. [GNPK] in a deal that will give it a cash infusion and open the company to new investors by going public. The transaction values Redwire at $615 million and the announcement shed light on the private company’s top and bottom-line metrics. Sales this year are expected to be $163 million, and estimated to grow a whopping 72…

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