A screen displays the Firefly Aerospace logo during the company’s IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025.
Jeenah Moon | Reuters
Space stocks soared Wednesday following a report that Elon Musk’s SpaceX could file to go public as soon as this week.
Satellite designer AST SpaceMobile and Rocket Lab both jumped about 8%. Rocket maker Firefly Aerospace, which went public in August, climbed 14%. York Space, an aerospace company that held its IPO in January, rose 6% on the news.
According to the Information, the highly anticipated stock market debut for SpaceX could raise over $75 billion. CNBC previously reported that it could be the biggest IPO ever, seeking a $1.75 trillion valuation.
SpaceX acquired Musk’s xAI last month in a deal valuing the combined company at $1.25 trillion.
The space sector, which includes companies focused on national defense, has benefited from excitement surrounding SpaceX, President Donald Trump’s plans for a “Golden Dome” defense system and soaring demand for artificial intelligence infrastructure.
The rapid buildout of data centers to support AI has been blamed for rising electricity costs. Sending data centers into space has been proposed as a solution, but faces numerous barriers, including high costs and limited rocket launch availability.
SpaceX currently operates the Starlink constellation, with over 9,500 satellites in orbit. In January, Musk proposed a larger project that would launch 1 million satellites, an effort that’s been staunchly opposed by scientists for environmental threats.
