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
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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.
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