Redwire Stock Is Up 80% in 2026. Is It Too Late to Buy?

Redwire's stock has surged 80% in 2026, driven by increased interest in the space economy following SpaceX's IPO and the Pentagon's $1.1 billion drone program. The company expanded into defense technology through its Edge Autonomy acquisition and reported strong Q1 results with 58% revenue growth and a $498.1 million backlog. However, the company remains unprofitable with negative free cash flow and announced a $500 million equity offering, which could dilute shareholder value in the near term.