RCKT.AX is trading at A$10.98 (+5.27%), driven by sector-wide strength following a successful Starlink deployment and continued expansion of SpaceX’s satellite network.
- Intuitive Machines reported record $206 million quarterly revenue and a $1.8 billion backlog, reinforcing sector growth expectations.
- Cooling U.S. inflation data, including flat July PPI, supported growth-oriented and speculative technology sectors.
- Rocket Lab’s new equity program creates some dilution risk, while broader August momentum in space stocks and easing rate concerns remain supportive.