AUSTIN, Texas — Bastrop-based SpaceX is planning to go public, according to a report from KVUE’s media partners at the Austin American-Statesman .

The company, which is run by Elon Musk, is targeting an initial public offering as soon as mid- to late 2026. That would raise more than $30 billion, making it the largest IPO of all time.

SpaceX is seeking a valuation around $1.5 trillion.

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

SpaceX plans to use IPO money to develop space-based data centers.

News of the IPO plans helped push other Texas-based aerospace companies’ shares higher on Wednesday. Cedar Park-based Firefly was up around 11.5%, while Houston’s Intuitive Machines Inc. was up abo

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