00:00It's Benzinga bringing Wall Street to Main Street.
00:02Space stocks rose on Wednesday after a report said Elon Musk's SpaceX could file to go public
00:07as soon as this week, according to CNBC. AST Space Mobile and Rocket Lab each gained about
00:1310%, while Firefly Aerospace rose 16% and York Space increased 5%. The information reported
00:20that the IPO could raise more than $75 billion. CNBC previously said it could be the largest
00:26IPO ever with a $1.75 trillion valuation. SpaceX acquired XAI last month in a deal valuing
00:34the combined company at $1.25 trillion. The sector has also gained from interest in defense
00:39projects tied to President Trump and demand for AI infrastructure. SpaceX operates over
00:449,500 Starlink satellites and has proposed launching 1 million satellites, drawing opposition from
00:51scientists. For all things money, visit Benzinga.com.
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