Redwire Corp. (NYSE:RDW) shares are surging on Thursday following news of a potential deal that could strengthen SpaceX ahead of a possible public listing.

Last week, the space and defense technology company reported first-quarter revenue of $97 million, up 57.9% year over year, alongside a record backlog of $498.1 million and a 1.92 book-to-bill ratio.

Alphabet Inc. (NASDAQ:GOOGL) is reportedly in talks with Elon Musk-led SpaceX on a potential rocket-launch agreement tied to orbital data centers.

According to The Wall Street Journal, the discussions come as both companies expand investments in space-based computing infrastructure, an emerging sector viewed as a possible solution to the growing power and land constraints facing terrestrial data centers.

Orbital Computing Draws Interest, And Skepticism

Orbital computing has gained momentum ...