Citi projects SpaceX valuation could reach $12.2 trillion following successful Starship launch

Citi analysts led by John Godyn projected that SpaceX could reach a long-term share price of $900 or more, implying an enterprise valuation of approximately $12.2 trillion. The projection represents more than double the market capitalization of Nvidia and substantial upside from SpaceX's current valuation of roughly $2 trillion. The assessment follows SpaceX's 14th Starship test flight, which reached orbit and deployed 26 Starlink V3 satellites in its first revenue-generating mission. Citi estimates SpaceX revenue will expand from $44 billion in 2026 to $484 billion by 2030 and approach $1 trillion by 2031.