RCKT.AX is trading 3.2% down today as escalating U.S.–Iran tensions around the Strait of Hormuz spark a rotation out of high-beta and growth names.
- The conflict has boosted oil prices and heightened geopolitical risk, driving a broader flight from high-growth technology and venture-style assets.
- As a concentrated space-industry ETF, the fund is moving in line with sector-wide derisking rather than news specific to any single holding.