Another private company in the space industry will soon be traded publicly. Redwire will soon merge with the Genesis Park Acquisition (NYSE: GNPK) special purpose acquisition company to bring the space infrastructure company to the New York Stock Exchange.
Redwire was formed only last year by private equity firm AE Industrial Partners (AEI), which specializes in aerospace, defense, and specialty industrial markets. AEI created Redwire by combining spacecraft component maker Adcole Space with space-systems engineering company Deep Space Systems. Redwire’s “heritage + innovation” slogan touts its mix of experience in the industry with innovation to help develop next-generation space infrastructure. The merger deal gives Redwire an enterprise value of $615 million.