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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/36704
Published: 2026-10-21T13:30:33.000Z
Updated: 2026-10-21T13:30:33.000Z
Section: Investing

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

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.