Firefly Aerospace Inc (NASDAQ:FLY) and other space‑related stocks are moving higher on Wednesday. A new report suggested SpaceX is preparing to file the paperwork for its long‑anticipated initial public offering.

Firefly Aerospace stock is showing exceptional strength. What’s driving FLY stock higher?

SpaceX IPO Buzz Lifts Sector

According to The Information, SpaceX is aiming to submit its IPO prospectus to regulators as early as this week or next, Reuters cited. Advisers involved in the process reportedly believe the company could seek a valuation above $75 billion, which would make it one of the largest IPOs ever.

The report also noted that individual investors could receive more than 20% of the allocation, though the final structure is still being finalized.

Investor Enthusiasm Spreads Across Space Stocks

The potential listing comes at a time when investor interest in the space sector is already running ...