Could SpaceX be worth $12 trillion one day? Citi says Starship gets it a step closer.

Citi's analysis frames the recent Starship test flight as more than an engineering milestone. According to the analyst cited, the launch advances several priorities that could support SpaceX's long-term valuation, with a projected share price of $900 at the upper end of that outlook. Those priorities are not detailed in the summary, but the framing matters: Starship is central to SpaceX's heavier-lift ambitions, and progress on the vehicle is treated as a driver of the company's future earnings potential rather than a one-off event.

The $12 trillion figure referenced in the headline is a speculative long-horizon scenario, not a forecast with a defined timeline. For readers, the relevant takeaway is how analysts value capital-intensive space ventures: launch cadence, reusability, and payload capacity tend to matter more than any single flight. Whether Starship's development pace continues, and how customers and regulators respond, are the variables worth watching. SpaceX remains privately held, so any share-price figure reflects an analyst's model, not a traded market price.