Redwire & Genesis Park: The SPAC that wants to be seen as an index fund

by Peter B. de Selding

PARIS — The planned merger and stock-market introduction of Redwire with Genesis Park Acquisition Corp. is a rarity among space-sector SPACs: It pitches the company as much for what it is now as for what it will be if everything works out.

Genesis and Redwire officials said repeatedly that the transaction is not needed to fund any of the near-term revenue targets, but rather to increase capacity and chase other space-sector M&A.

Redwire has conducted seven acquisitions in the past . . .

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