SpaceX’s recent Starship mission has bolstered the case for an extraordinary long-term valuation, according to a new report from Citigroup. Citi analysts, led by John Godyn, stated that the successful 14th flight of Starship—the world’s most powerful rocket—brings the company’s shares closer to a target price of $900 or higher.
At that price point, SpaceX would be valued at approximately $12.2 trillion. This figure is more than six times the company’s current market capitalization of roughly $2 trillion and would more than double its standing relative to Nvidia, which currently serves as a benchmark for high-valued technology and industrial firms.
The latest launch allowed SpaceX to deliver its first “meaningful payload” to orbit, consisting of 26 Starlink satellites. Analysts note that the mission advances several key strategic priorities for the aerospace company that could support future equity growth.
The report highlights that while numerous Wall Street observers have previously suggested astronomical valuations for SpaceX, this specific milestone reinforces the feasibility of reaching the $900 per-share target over the long term.
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