TLDR
- Rocket One (RKTO) gained access to SpaceXAI’s multimodal AI models through acceptance into its API program
- The stock surged roughly 24% on the news, trading around $0.80 per share with a market cap of $15.35 million
- Access covers AI models for coding, reasoning, text, image, video, and voice applications
- Rocket One plans to use the models across AI infrastructure, autonomous defense software, and space tech initiatives
- The company also holds exclusive rights to nanomagnetic and spintronic semiconductor technologies
Rocket One (RKTO) announced Wednesday it has been accepted into the SpaceXAI API program, giving the small-cap AI and defense tech company access to SpaceXAI’s latest multimodal AI models. The stock jumped roughly 24% on the news, trading at around $0.80 per share.
The company, which carries a market cap of just $15.35 million, will now have access to SpaceXAI models covering coding, reasoning, text, image, video, and voice applications.
Rocket One said it plans to test those capabilities across several areas, including AI infrastructure, autonomous defense software, and space computing. That’s a broad list for a company of its size.
CEO Robb Knie said access to top foundation models is “increasingly important” as the company builds what it calls an AI-first platform for the defense and space economy.
The SpaceXAI integration is meant to work alongside Rocket One’s existing tech stack, which includes exclusive rights to nanomagnetic and spintronic semiconductor technologies.
The company is specifically developing what it describes as radiation-tolerant AI chip technology — designed to function in low-Earth orbit, deep-space platforms, and defense environments where standard chips don’t hold up.
That nanomagnetic matrix multiplier architecture is intended as a hardware accelerator for machine learning workloads. It hasn’t been fabricated as an integrated device yet, and hasn’t been validated in space environments.
Recent Moves at Rocket One
The SpaceXAI news comes after a stretch of activity at the company. In June, Rocket One reported around $8.4 million in cash and cash equivalents, raised through an at-the-market equity program.
The company also launched Swarm Stage AI, an autonomous drone swarm defense platform targeting military, government, and security customers. It was built on technology acquired from SkyStage, a commercial drone-swarm firm.
On the personnel side, Rocket One added retired Colonel Robert “Shane” Kimbrough — a former NASA astronaut — to its Space Advisory Board.
The company also recently regained compliance with Nasdaq’s minimum bid price requirement after maintaining a price of at least $1.00 per share for ten consecutive business days.
What Analysts Are Saying
One analyst has set a price target of $5.00 on RKTO. Forecasts point to earnings of $8.21 per share for fiscal 2026, though that figure stands out given the company’s current trading price and market cap.
InvestingPro flags the stock as potentially undervalued based on its Fair Value model. However, the stock is still down 44% over the past year despite today’s jump.
The company’s biotechnology pipeline — including programs HT-001, HT-KIT, HT-ALZ, and a GDNF-based metabolic program — continues under a wholly owned subsidiary, separate from its core defense and space operations.
As of Wednesday morning, RKTO was trading at $1.0001, up $0.1977 on the day.
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