🔴 RCKT.AX is trading 3% down today as investors rotate out of high-beta space equities amid U.S.–Iran conflict escalation

RCKT.AX is trading 3% lower as investors rotate out of high-beta space equities following a sharp escalation in the U.S.–Iran conflict.

• The fund is disproportionately affected by its heavy exposure to SpaceX, which currently accounts for approximately 25–30% of the underlying index.
• Broader concerns regarding Middle East tensions and oil-driven inflation risks are triggering profit-taking across speculative growth themes, including the space and satellite sectors.
• Fragile market sentiment is driving a shift away from high-beta assets as investors seek to reduce risk exposure.