When Israel and the U.S. bombarded Iran with kamikaze drones, SpaceX officials realized something. It was realized that the Pentagon should pay more for accessing SpaceX’s satellite network.
Reuters reported that SpaceX executives discussed with Pentagon officials to pay more than the $5,000 per connection per terminal. They valued the service at around $25,000.
The news sent shares of AST SpaceMobile (ASTS), Redwire (RDW), MDA Space (MDA), Firefly Aerospace (FLY), Intuitive Machines (LUNR), and Rocket Lab (RKLB) higher. Among them, RDW stock is worth a closer look.
Last week, Redwire announced successful test results in its collaboration with Added Value Solutions (backed by ESA) for the MANUS lunar robotic arm prototype.
It also won a NATO ally contract for the Penguin Mk3 UAS, worth eight figures.
On May 20, the U.S. Army granted Redwire a $15 million follow-on order for its Stalker, an uncrewed aerial system.
From a stock performance point of view, ASTS stock will get the market’s attention. Shares traded as high as $127.10, not far from its 52-week high. AST has the most potential to continue its climb, since it has more satellites set for launch. It also secured contracts with customers. Moreover, the contract value will increase as more satellites are in orbit.
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