IBNS-CMEDIA: Shares of space-related companies surged on Wednesday amid reports that Elon Musk’s SpaceX may move towards an initial public offering (IPO) as early as this week.
Among the gainers, Firefly Aerospace jumped 16%, while satellite firm AST SpaceMobile and Rocket Lab rose around 10% each. York Space Systems also recorded gains of about 5%.
Reports suggest SpaceX is exploring an IPO with a fundraising target of $70–75 billion.
If realised, the offering could surpass the world’s largest IPO by Saudi Aramco, which raised $29 billion.
While a June listing is being considered, the timeline remains flexible.
In terms of valuation, SpaceX could aim for over $1.75 trillion, potentially making it one of the most valuable companies globally.
