US Stock Market Move | Redwire (RDW.US) rises nearly 10% in pre-market trading. Musk says "starship" technology will reduce the cost of entering space to 1% of current levels.

On Friday, Redwire (RDW.US) rose nearly 10% in pre-market trading, reaching $13.11. On the news front, Musk had previously stated at the World Economic Forum in Davos that SpaceX hopes to achieve fully reusable rockets using the "Starship" technology this year. He pointed out that this breakthrough will reduce the cost of entering space to 1%, reducing it to less than $100 per pound. In addition, according to media reports citing sources, the world's richest man, Elon Musk, is actively pushing forward the initial public offering (IPO) plan for his space exploration technology company, SpaceX, with the goal of completing the IPO before July this year.