Companies including EchoStar and Rocket Lab saw their shares rise on a report that Elon Musk's aerospace company could be gearing up to go public.

Many tech billionaires, including Musk, fall squarely into the “proponents” category. With a blockbuster IPO on the horizon and Musk’s forecast that SpaceX’s newest rocket will start launching Starlink V3 satellites in 2026 as well, the company does appear uniquely well-positioned to lay the groundwork for orbital server farms.

The Elon Musk–run company is moving ahead with plans for an initial public offering that would seek to raise “significantly more than $30 billion.” Even relatively small balance-sheet allocations matter at that scale.

Elon Musk's SpaceX (SPAX.PVT) reportedly is moving forward with plans to go public via an IPO in 2026, according to Bloomberg. Xplore Founder and COO Lisa Rich comes on Asking for a Trend to react to this news and further discuss the robustness of the growing space economy To watch more expert insights and analysis on the latest market action,