Brendan Carr, the chairman of the Federal Communications Commission, has greenlighted regulatory requests for the company’s Starlink satellite internet service and lavished praise on its chief executive.

Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.

Few are as delighted by the pending market debut as the vibrant community of space enthusiasts who want to push discovery of the final frontier.

The $135 share price means Elon Musk’s rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

The artificial intelligence company, which is racing OpenAI to the stock market, has seen explosive growth over the last year thanks largely to technology that can automatically write computer code.