Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJosh Kohn-Lindquist, The Motley FoolThu, June 4, 2026 at 6:20 PM GMT+2 3 min readShares of multi-domain space and defense company Redwire (NYSE: RDW) are 18% higher as of 11 a.m. ET on Thursday after it was awarded yet another space contract. Redwire announced a contract with Astrobiome Space, a " biotech company pioneering microbiome solutions for regenerative space agriculture." The contract is:to grow strawberries and test Astrobiome Space's proprietary soil enhancement product inside Redwire's Greenhouse systems on board the International Space Station (ISS). This award marks the inaugural flight for Redwire's trailblazing Greenhouse system--the world's first commercial space greenhouse.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Image source: Getty Images.Astrobiome hopes to use its biostimulants to grow the first-ever wild strawberries in orbit, potentially strengthening life-support systems beyond Earth, or possibly improving agricultural practices back on Earth.This deal demonstrates Redwire's engineering expertise by integrating custom components into space-ready platforms for its aerospace customers. In that sense, it is much more than growing strawberries in space. Whether it is the company's PIL-BOX (Pharmaceutical In-space Laboratory-Bio-crystal Optimization Xperiment) device, its solar panel arrays, or its thousands of parts and sensors, Redwire is quickly becoming a one-stop shop for the components needed for a space mission.While I love seeing deals like these for Redwire, investors need to realize that the stock is still very young, volatile, and dilutive to shareholders for now, as it frequently issues shares to acquire complementary businesses. Furthermore, the company's 2025 acquisition of Edge Autonomy pushed the company into the combat-proven uncrewed airborne systems (UAS) niche, weighing heavily on margins recently.That said, Redwire's first-quarter gross margin improved from 14.7% to 26.6% year over year, and the company grew sales and backlog by 58% and 71%, respectively. Trading at 9 times sales, Redwire isn't likely to be a smooth ride for prospective investors as it tries to become the main "picks and shovels" supplier to the broader space industry. However, if margins keep improving and management proves to be a shrewd capital allocator as they make acquisitions, Redwire could prove to be a powerful growth stock -- but it's very early, and the stock has already nearly tripled year to date.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info