Elon Musk's SpaceX, which has spent more than 2 years testing its Starship rocket from Starbase, Texas, could be going public. Here's what that means.

SpaceX is planning to raise tens of billions of dollars through an initial public offering next year, multiple outlets have reported, and Ars can confirm. This represents a major change in thinking from the world’s leading space company and its founder, Elon Musk.

Word of the IPO was pushing up shares in other space companies. Cedar Park-based Firefly Aerospace Inc. was up about 11.5% by late afternoon Wednesday.

SpaceX, the Elon Musk-owned aerospace company, may go public next year. Reporting from the Wall Street Journal and Bloomberg revealed recent plans to put the company on the stock exchange with a potential $1.

The company expects to generate about $15 billion in revenue this year, with most of it coming from its Starlink satellite internet service.

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.

SpaceX is forging ahead with plans for an initial public offering to raise “significantly” more than $30 billion, sources told Bloomberg. The Elon Musk-led company is reportedly targeting a valuation of $1.

SpaceX is actively preparing for what could be the largest Initial Public Offering (IPO) in history, targeting a public debut for the entire company in

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.