Elon Musk's SpaceX could reportedly file for its long-awaited IPO within days, and Wall Street's excitement is boosting other space stocks on Wednesday.
The Information reported that the space transportation and satellite company could file a prospectus for the IPO this week or next.
Initially, it was expected that the IPO could raise $50 billion for the company, but the latest report indicates it could raise as much as $75 billion, with a valuation as high as $1.75 trillion.
The colossal figures being thrown around on Wednesday have garnered excitement among investors for other space stocks that are already publicly traded.
Here were the top gainers in the session:
- Firefly Aerospace: +19%
- Intuitive Machines: +11%
- AST SpaceMobile: +9%
- EchoStar Corporation: 9%
- Rocket Lab Corporation: +8%
While not a space exploration company like the day's other top movers, EchoStar operates in the satellite technology and telecommunications space. It is viewed as a way to gain exposure to SpaceX, though, following a $17 billion wireless spectrum deal it made with Musk's company in September 2025.
As space stocks soar ahead of the SpaceX IPO, investors are optimistic that its trading debut will help usher in a new era of growth for the space sector, which has previously been seen largely as a speculative play.
Mark Boggett, CEO of space tech investment firm Seraphim Space, sees it as bullish not only for space stocks but for other tech companies that could benefit from an increased emphasis on space transportation, infrastructure, and exploration.
"The IPO would give SpaceX the firepower to accelerate its operations in infrastructure, connectivity, and AI-powered services," he said. "SpaceX is no longer just a rocket and satellite company, it's quietly becoming a compute powerhouse, combining Starlink connectivity, energy and transport infrastructure, and xAI's AI clusters into a vertically integrated ecosystem."
Further details of the SpaceX IPO are still emerging. In recent weeks, news that Nasdaq was considering a rule change to fast-track the entry of Musk's company into the Nasdaq 100 sparked concern from some in the financial community, including "The Big Short" investor Michael Burry.
