--- title: "Why Is Rocket One Stock Falling On Friday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/288105260.md" description: "Rocket One (RKTO) stock fell 17.94% to $1.40 on Friday, driven by a broader aerospace and defense sector pullback following geopolitical de-escalation between the U.S. and Iran. Sentiment was further dampened by Blue Origin's New Glenn rocket explosion during a static fire test. Despite recent gains from an AMD AI Developer Program acceptance, market pressure overshadowed this development as investors reacted to sector-wide retreats and industry setbacks." datetime: "2026-05-29T18:22:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288105260.md) - [en](https://longbridge.com/en/news/288105260.md) - [zh-HK](https://longbridge.com/zh-HK/news/288105260.md) --- # Why Is Rocket One Stock Falling On Friday? **Rocket One Inc** (NASDAQ:RKTO) stock is trading lower on Friday. The decline comes amid a broader retreat across the aerospace and defense sectors, which are pulling back from a recent rally tied to the U.S.-Iran conflict and anticipation surrounding an upcoming SpaceX initial public offering. ## Sector Pullback Erases Recent Gains The broader sector momentum shifted on Friday following geopolitical updates. President **Donald Trump** stated that "the Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions," adding that the U.S. naval blockade "will now be lifted." The de-escalation dented the defense-fueled rally, affecting infrastructure players such as Rocket One. ## Blue Origin Explosion Weighs On Sentiment An industry setback is also weighing on investor sentiment. **Jeff Bezos**\-backed **Blue Origin** suffered an anomaly during Thursday's static fire test at the Kennedy Space Center, where its flagship New Glenn rocket exploded. Spaceflight Now shared a video of the incident on X, showing the rocket engulfed in flames at Launch Complex 36. Bezos stated that all personnel were "accounted for and safe," but acknowledged they did not know the "root cause" yet, adding, "Very rough day, but we’ll rebuild whatever needs rebuilding." SpaceX CEO **Elon Musk** responded on X, saying, "Sorry to see this, I hope you recover quickly." ## SpaceX IPO Headwinds While SpaceX recently conducted a successful Starship V3 launch test, reports indicate the company could trim its targeted IPO valuation to $1.8 trillion, down from a previously reported $2 trillion. Musk previously confirmed targeting a $1.75 trillion valuation for the June IPO. ## Rocket One’s Core Focus The market pressure overshadows Rocket One’s Thursday announcement regarding its acceptance into the AMD AI Developer Program by **Advanced Micro Devices, Inc.** (NASDAQ:AMD). CEO **Robb Knie** stated that the program allows them to “evaluate and refine advanced architectures earlier and more efficiently.” Rocket One remains focused on developing radiation-tolerant nanomagnetic AI chip technology for defense and deep-space platforms. **RKTO Stock Price Activity:** Rocket One shares were down 17.94% at $1.40 at the time of publication on Friday, according to Benzinga Pro data. **Read Also: Dow Jones Tops 51,000, Dell Jumps 28% On Blowout AI Sales: Stock Market Today** _Image: Shutterstock_ ### Related Stocks - [RKTO.US](https://longbridge.com/en/quote/RKTO.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [IGPT.US](https://longbridge.com/en/quote/IGPT.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [RSPT.US](https://longbridge.com/en/quote/RSPT.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [VGT.US](https://longbridge.com/en/quote/VGT.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) ## Related News & Research - [Rocket One Appoints Dr. Supriyo Bandyopadhyay as Lead Technical Advisor of AI Nanomagnetic Technology | RKTO Stock News](https://longbridge.com/en/news/288290833.md) - [Supermicro Expands Rack-Scale AI Leadership with AMD Helios Platform, Accelerating Deployment and Operational Efficiency | SMCI Stock News](https://longbridge.com/en/news/288365881.md) - [AMD Bets On The Next AI Bottleneck As DriveNets Raises $410 Million](https://longbridge.com/en/news/288407371.md) - [Elm Partners Management LLC Decreases Stake in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/288236476.md) - [Connecticut Capital Management Group LLC Invests $377,000 in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/287881459.md)