Redwire (RDW) gained roughly 38% in December and has added another 44% so far in January. The momentum seems driven by news that SpaceX plans to IPO in late 2026, which is lifting valuations across the space sector. They also announced an eight-figure deal to provide docking systems for The Exploration Company. On the macro side, talk of the US defense budget potentially increasing to $1.5 trillion in 2027 is adding tailwinds. H.C. Wainwright maintained a buy rating with a $22 target. Truist raised their target to $13 but kept a hold rating.