🔴 Space Industry ETF (RCKT.AX) is trading 3.1% down as Starship deployment heightens competition concerns

RCKT.AX is trading 3.1% lower as space stocks weakened after Starship’s first orbital deployment of 26 operational Starlink satellites heightened competition concerns.

• Rocket Lab and AST SpaceMobile each fell about 3%; the Procure Space ETF declined 1%, versus a 0.4% broader-market drop.
• SpaceX rose 2%, concentrating pressure among competing space companies.
• The fund’s exposures include SpaceX (29.1%), Rocket Lab (9.3%) and AST SpaceMobile (8.9%).