Space stocks rally on reports of SpaceX's imminent IPO filing

Space stocks soared Wednesday following a report that Elon Musk's SpaceX could file to go public as soon as this week.

Satellite designer AST SpaceMobile and Rocket Lab both jumped about 8%.

Rocket maker Firefly Aerospace , which went public in August , climbed 14%.

York Space , an aerospace company that held its IPO in January, rose 6% on the news.

According to the Information , the highly anticipated stock market debut for SpaceX could raise over $75 billion.

CNBC previously reported that it could be the biggest IPO ever , seeking a $1.75 trillion valuation.

SpaceX acquired Musk's xAI last month in a deal valuing the combined company at $1.25 trillion .

The space sector , which includes companies focused on national defense, has benefited from excitement surrounding SpaceX, President Donald Trump's plans for a " Golden Dome " defense system and soaring demand for artificial intelligence infrastructure.

The rapid buildout of data centers to support AI has been blamed for rising electricity costs .

Sending data centers into space has been proposed as a solution, but faces numerous barriers, including high costs and limited rocket launch availability.

SpaceX currently operates the Starlink constellation, with over 9,500 satellites in orbit.

In January, Musk proposed a larger project that would launch 1 million satellites , an effort that's been staunchly opposed by scientists for environmental threats.

WATCH: SpaceX IPO could be the largest ever