🟢 RCKT.AX is trading 3.5% up today as sentiment stabilizes following SpaceX-led sector selloff

RCKT.AX is trading 3.5% up today as the space sector stabilizes following a sharp selloff triggered by SpaceX IPO disappointment.

• The ETF previously dropped 5.43% to $10.28 on June 26 amid repricing tied to underwhelming SpaceX valuation news.
• Broader risk-on sentiment in equity futures and a lack of fresh negative headlines are supporting the recovery in space-related names.
• The move reflects a partial recovery from recent volatility as investor sentiment toward the space industry begins to steady.