Why Redwire Stock Just Went to the Moon

Shares of recent special-purpose acquisition company (SPAC) IPO and NewSpace company Redwire (NYSE: RDW) lifted off in afternoon trading Monday, rising as high as a 40% gain at one point. The stock is retracing now -- up "only" about 16.6% as of 1:30 p.m.

And it all began with a tweet.

Image source: Getty Images.

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Source Fool.com