Rocket One stock surges 21% after securing SpaceXAI API access for defense and space AI

Rocket One stock surges after adding SpaceXAI API access By Investing.com

Investing.com -- Rocket One Inc. (NASDAQ:RKTO) shares jumped 21% Thursday following the company's announcement that it has added the SpaceXAI API to its AI technology stack after acceptance into the SpaceXAI API program. The addition provides Rocket One with access to SpaceXAI's multimodal artificial intelligence models for coding, reasoning, text, image, video, and voice applications. The company said it intends to evaluate these capabilities across initiatives supporting its strategy in AI infrastructure, autonomous defense software, and space technologies. "As Rocket One continues building an AI-first technology platform for the defense and space economy, access to leading foundation models is increasingly important," said Robb Knie, Chief Executive Officer of Rocket One. "The addition of the SpaceXAI API strengthens our AI ecosystem and complements our strategy of combining advanced software intelligence with our licensed nanomagnetic and spintronic computing technologies to develop next-generation solutions for commercial, defense, and space applications." Rocket One, based in Hoboken, New Jersey, describes itself as a technology company focused on artificial intelligence infrastructure, defense technologies, and space computing. The company said it expects to evaluate the SpaceXAI platform across several strategic initiatives. The company's broader strategy combines access to AI software platforms with rights to nanomagnetic and spintronic semiconductor technologies designed for energy-efficient, high-performance computing applications, including those requiring radiation tolerance for defense and space environments. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Rocket One gains access to SpaceXAI's AI models By Investing.com

HOBOKEN, N.J. - Rocket One Inc. (NASDAQ:RKTO) announced today that it has been accepted into the SpaceXAI API program, providing the company access to SpaceXAI's multimodal artificial intelligence models. The technology company, which focuses on artificial intelligence infrastructure, defense technologies, and space computing, will gain access to models for coding, reasoning, text, image, video, and voice applications, according to a press release statement. Rocket One plans to evaluate these capabilities across initiatives supporting its strategy in AI infrastructure, autonomous defense software, and space technologies. The company stated it believes advanced AI models will play a role in software development, engineering design, mission planning, autonomous decision support, and data analysis. "As Rocket One continues building an AI-first technology platform for the defense and space economy, access to leading foundation models is increasingly important," said Robb Knie, Chief Executive Officer of Rocket One.The company, with a market capitalization of $15.35 million, currently trades at $0.80 per share. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment, though shares have declined 44% over the past year. InvestingPro offers 10 additional exclusive tips for RKTO, along with comprehensive financial metrics to help investors make informed decisions. The addition of the SpaceXAI API expands Rocket One's AI ecosystem as part of its strategy to combine AI software platforms with nanomagnetic and spintronic semiconductor technologies. The company holds exclusive rights to certain technologies, including a nanomagnetic matrix multiplier architecture intended for machine learning and AI workloads. Rocket One is developing infrastructure for the orbital economy, including nanomagnetic AI chip technology designed for radiation-tolerant environments such as low-Earth orbit, deep-space platforms, and defense systems. The company also pursues opportunities in nano-launch systems and nanosatellite deployment. The company's press release included forward-looking statements noting that the licensed technologies have not been fabricated as integrated devices, validated in space environments, or qualified for any commercial or government program. Analysts forecast earnings of $8.21 per share for fiscal 2026, with one analyst setting a price target of $5.00. In other recent news, Rocket One Inc. reported approximately $8.4 million in cash and cash equivalents as of June 12, reflecting proceeds from a previously disclosed at-the-market equity program. The company also launched Swarm Stage AI, an autonomous drone swarm defense platform for military, government, and security organizations. This platform is based on technology acquired from SkyStage, a commercial drone-swarm company. Additionally, Rocket One announced the appointment of retired Colonel Robert "Shane" Kimbrough, a former NASA astronaut, to its Space Advisory Board. This strategic move is part of the company's focus on advanced computing technologies and space systems. Furthermore, Rocket One regained compliance with Nasdaq's minimum bid price requirement, closing a compliance matter after maintaining a bid price of at least $1.00 per share for ten consecutive business days. These developments highlight Rocket One's ongoing strategic initiatives and compliance achievements. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Rocket One Inc. Adds SpaceXAI API To Its AI Technology Stack

Rocket One Inc. announced that it has added the SpaceXAI API to its AI technology stack following acceptance into the SpaceXAI API program. The addition provides Rocket One Inc. with access to SpaceXAI's latest multimodal artificial intelligence models for coding, reasoning, text, image, video, and voice applications. The company intends to evaluate these capabilities across a range of initiatives supporting its long-term strategy in AI infrastructure, autonomous defense software, and next-generation space technologies. Rocket One Inc. expects to evaluate the SpaceXAI platform across several strategic initiatives. The addition of the SpaceXAI API further expands Rocket One Inc.'s growing AI ecosystem as the company continues executing its strategy of building advanced technologies for the rapidly expanding AI, defense, and space markets.