Shares of major space-related companies rallied sharply in US trading on Wednesday following reports that Elon Musk’s SpaceX could soon file to go public.
According to technology outlet The Information, the rocket and spacecraft manufacturer may submit paperwork for an initial public offering (IPO) within days, potentially paving the way for one of the largest stock market debuts in history. SpaceX is reportedly targeting a valuation of about $1.75 trillion and could raise more than $75 billion from the offering. The company has yet to comment on the reports.
The news triggered a surge across the space sector. Shares of Firefly Aerospace and Rocket Lab climbed by more than 10%, while Intuitive Machines rose nearly 15%. Earth-imaging firm Planet Labs also gained over 10%, alongside Sidus Space, which jumped nearly 19%, and AST SpaceMobile, which advanced by around 10%.
Founded in 2002 by Musk, SpaceX has evolved into a dominant force in the aerospace industry, securing billions of dollars in US government contracts and playing a central role in commercial space exploration. The company is also behind Starlink, a rapidly expanding satellite internet service with global reach.
Musk, who also leads companies such as Tesla, X, and Neuralink, remains the world’s richest individual, with an estimated net worth exceeding $820 billion, according to Forbes. Analysts say a successful SpaceX listing could further cement his financial dominance, with some projections suggesting it may propel him towards becoming the world’s first trillionaire.
The anticipated IPO underscores growing investor enthusiasm for the space economy, as private companies increasingly drive innovation and investment in satellite technology, launch services, and deep-space exploration.
Melissa Enoch
