The Firefly Aerospace logo appears on a screen during the company’s IPO on the Nasdaq Market site in New York City, USA, on August 7, 2025.
Gina Moon | Reuters
Space stocks soared Wednesday after reports that Elon Musk’s SpaceX could file for an initial public offering as soon as this week.
satellite designer AST Space Mobile and rocket lab Both rose about 10%. rocket maker firefly aerospacewent public in August and rose 16%. yoke spaceThe aerospace company, which held an IPO in January, rose 5% on the news.
SpaceX’s long-awaited stock market debut could raise more than $75 billion, according to the information. CNBC previously reported that this could be the largest IPO in history, aiming for a valuation of $1.75 trillion.
SpaceX acquired Musk’s xAI last month in a deal that valued the combined company at $1.25 trillion.
The space sector, which includes defense-focused companies, is benefiting from the excitement surrounding SpaceX, President Donald Trump’s “Golden Dome” defense system plan and a surge in demand for artificial intelligence infrastructure.
The rapid expansion of data centers to support AI has been blamed for the rise in electricity costs. Sending data centers into space has been proposed as a solution, but faces many barriers, including high costs and limitations on rocket launches.
SpaceX currently operates the Starlink constellation with more than 9,500 satellites in orbit. In January, Musk proposed a massive project to launch 1 million satellites, a plan that has been firmly opposed by scientists citing environmental threats.
WATCH: SpaceX IPO could be biggest in history
