Elon Musk’s SpaceX may file its initial public offering prospectus as early as this week. The company is reportedly coordinating with a bank syndicate including Morgan Stanley, Goldman Sachs, Bank of America, and JPMorgan Chase. The offering could seek to raise more than $75 billion.
The news triggered a significant rally among space exploration and satellite companies on Wednesday. Shares of Rocket Lab, Virgin Galactic, and Planet Labs climbed sharply. Intuitive Machines and AST SpaceMobile also posted gains as the report boosted investor enthusiasm across the sector.