Citi Raises SpaceX Price Target 20% to $240 After June IPO

Enna Lee

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Citi Raises SpaceX Price Target 20% to $240 After June IPO

SpaceX began trading on Nasdaq on June 12 after pricing its initial public offering at $135 a share.

By Enna Lee

Published Oct 21, 2026, 9:30 AM EDT

A model rocket stands beside ascending acrylic plinths. / TokenPost.ai

Citi raised its SpaceX price target to $240 from $200 on Oct. 21, a 20% increase in the bank’s valuation benchmark for the rocket and satellite company.

SpaceX began trading on Nasdaq on June 12 after an initial public offering priced at $135 a share. Its shares trade under the ticker SPCX.

SpaceX operates rocket-launch services and the Starlink satellite network.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.