Barclays and Citi Raise SpaceX Price Targets Following Strong Operational Momentum

Wall Street analysts have raised price targets on SpaceX amid optimism over its commercial launch cadence and Starlink expansion. Barclays lifted its price target on the company to $300 from $254, while research notes also cited upward target revisions from TD Cowen by $24 and JPMorgan by $260. The move followed an earlier update from Citigroup, which boosted its SpaceX valuation target to $240 from $200, an increase of $40 per share, citing institutional confidence in expanding launch schedules and strategic defense initiatives.