Investment bank Citi has initiated ratings of Space Exploration Technologies (SpaceX), immediately assigning the stock a "Buy" rank. The base target price for the end of the current year is set at $200, suggesting roughly 25% upside. At the same time, the bank laid out a long‑term scenario in which the share price could surpass $900.

The bank's report says that reaching the $900 mark and above would become realistic if SpaceX successfully scales key engineering developments. The launch of Starship is named as the main driver — it would provide the most affordable route to unlocking the economic potential of space. Citi estimates this could open doors to trillion‑dollar markets that no other company in the world is currently able to serve.

Analysts stress that SpaceX is entering a very eventful two‑ to three‑year period during which the company must establish dominance in several high‑margin markets. Among these are global telecommunications and artificial intelligence, including orbital and enterprise AI. Citi’s optimism rests on SpaceX’s unmatched launch capabilities, which would allow the company to scale infrastructure without major constraints.

The publication of the forecast coincided with preparations to add SpaceX to the Nasdaq100 in the short term. That move is expected to trigger a large buying wave from passive funds. Ahead of the inclusion, several Wall Street brokerage firms have already begun covering the launch‑and‑satellite company, whose market capitalization has already topped $2 trillion. A month earlier, JPMorgan analysts estimated that the fact of adding to the index would force passive funds to allocate about $4.3 billion to SpaceX stock.