Hoth Therapeutics Rebrands to Rocket One, Adopts New Ticker RKTO

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: 4 days ago

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HOTH+47.94%

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Source: PRnewswire

Corporate Rebranding: Hoth Therapeutics officially rebranded to Rocket One Inc. on May 26, 2026, and will begin trading under the new ticker RKTO on May 28, 2026, reflecting a strategic shift towards the orbital economy focused on satellite and defense platform development.
Exclusive Technology Rights: Rocket One has secured exclusive rights to next-generation nanomagnetic AI chip technology, which is particularly suited for operation in low Earth orbit and high-radiation environments, expected to enhance the company's competitiveness in the rapidly growing commercial space market.
Market Opportunities: With the rise of small satellites and defense demand, Rocket One plans to leverage its technology platform to focus on AI chips, nano-launch systems, and defense applications, believing these markets are mutually reinforcing and will provide substantial growth potential.
Management Outlook: CEO Robb Knie stated that the rebranding reflects the company's positioning in the orbital economy, emphasizing that the next decade will be defined by platforms capable of autonomous operation under power and radiation constraints, showcasing confidence to investors and partners.

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About HOTH

Rocket One Inc., formerly Hoth Therapeutics, Inc., is focused on developing and commercializing infrastructure for the orbital economy, including nanomagnetic AI chip technology designed for radiation-tolerant, energy-constrained environments such as low-Earth orbit, deep-space platforms, and defense systems. The Company holds exclusive rights to certain technologies, including a nanomagnetic matrix multiplier architecture intended as a hardware accelerator for machine learning and AI workloads, and related magnetic memory technology with potential applications in radiation-tolerant computing for defense and space systems. The Company is also positioned to pursue opportunities in nano-launch systems and nanosatellite deployment. The Company's biotechnology pipeline includes HT-001, HT-KIT, HT-ALZ, and GDNF-based metabolic program.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

NASA Chief Warns of Uncertain Commercial Demand in Space Economy

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Hoth Transforms into Rocket One, Shares Surge 80%

4 days agostocktwits

Stock Surge: Hoth Therapeutics, Inc. (HOTH) shares surged 80% on Wednesday following the announcement of its transformation into Rocket One, breaking above the 200-day moving average for the first time in over two months, indicating strong market approval of its new strategy.
New Ticker Symbol: The company will begin trading under the new ticker symbol RKTO on Nasdaq starting May 28, replacing the current HOTH symbol, marking a significant shift towards its focus on the orbital economy.
Exclusive Technology Rights: Hoth recently secured exclusive rights to nanomagnetic AI chip technology designed for ultra-low-power computing and high-radiation environments, which is expected to significantly enhance its applications in satellites and defense systems.
Market Sentiment Shift: Following Hoth's pivot announcement, retail sentiment on Stocktwits flipped to 'extremely bullish', reflecting strong market anticipation for its new business strategy, although a major deal will be necessary to sustain the current stock momentum.