🔴 Space Industry ETF (RCKT.AX) is trading 3.3% down after reported Blue Origin New Glenn engine-test explosion

RCKT.AX is trading at A$9.40, down 3.29%, as renewed launch-risk concerns after a reported Blue Origin New Glenn engine-test explosion weigh on space shares.

• Rocket Lab and other space shares fell in the reported selloff.
• Piper Sandler downgraded AST SpaceMobile on October 13, citing slower launch expectations and competition from SpaceX’s direct-to-cell ambitions.
• These pressures may weigh on RCKT into October 14; SpaceX and AST SpaceMobile are substantial fund holdings.