"Shares of space companies soared on Wednesday following a report that Elon Musk's SpaceX could this week file to list shares on the stock market."
"SpaceX is expected to go public this year with a valuation of around $1.75tn, according to the technology news outlet The Information."
"SpaceX, which makes and launches rockets, could reportedly raise more than $75bn from the share sale."
"Other space industry firms also saw their stock prices surge on Wednesday, including Intuitive Machines - which rose by nearly 15%."
Shares of space companies increased significantly after reports indicated that SpaceX might file to go public this week. Rocket makers Firefly Aerospace and Rocket Lab saw their stock prices rise by over 10%. SpaceX is anticipated to achieve a valuation of approximately $1.75 trillion, making it the largest stock market debut in history. The company could raise more than $75 billion from the share sale, with other space firms like Intuitive Machines and Planet Labs also experiencing stock price increases.
Read at www.bbc.com
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