SpaceX, which has prominent operations from California's Vandenberg Space Force Base, may make its initial public offering in 2026, reports say.

Rumblings of a $1.5 trillion valuation for SpaceX may be forcing investors to view currently public space companies as undervalued.

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.

Seventeen years after its founding, the Silicon Valley-based advisor targeting the affluent with automated investing portfolios and mortgages is finally hitting public markets with a $2.1 billion valuation.

The Palo Alto, California-based company sold 21.5 million shares and the backers sold 13.1 million shares at $14 apiece, according to a statement Thursday. The stock was marketed for $12 to $14 each, according an earlier filing. The IPO was multiple times oversubscribed.

Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk's Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the company.

To buy into SpaceX’s audacious $1.5 trillion valuation in a listing next year, investors will need to have faith in Elon Musk’s equally galactic vision for his rocket and satellite maker, from orbital data centers to lunar factories to human settlements on Mars.

Among the two IPOs available for subscription, the grey market trend clearly leans in favour of ICICI Prudential AMC.