What Happened
Orbital Data Centers Compared To Satellite TV Boom
Redwire CEO Peter Cannito believes the company is at the beginning of a massive growth period in space infrastructure, comparing the opportunity to the rise of satellite television. The company has recently signed new deals in orbital computing, commercial space stations, and defense drones, and has been selected for the U.S. Space Force’s $980 million NITE-STAR contract vehicle. According to CNBC, Redwire’s growth in space infrastructure may be driven by increasing demand for orbital data centers and commercial space stations, which could lead to significant revenue growth for the company. This article was first reported by TradingView News.