Major Bank Rating | Citi: SpaceX is at the initial stage of a catalyst-heavy period in the next 2-3 years, target price set at $200

Glonghui July 8th｜Citi has released a report initiating coverage of SpaceX, giving it a "Buy" rating and a target price of $200. The firm believes this target price is just a milestone, and after the large-scale achievement of key engineering milestones in the future, the stock price is expected to reach over $900. According to the report, SpaceX is at an early stage with a particularly high density of catalysts over the next 2–3 years, which is expected to help the company establish a dominant position in several high-value markets.