SpaceX to Join Nasdaq-100, Citi Sees Path to Over $900 Valuation
SPCX•SpaceX is slated for addition to the Nasdaq-100 later this month, unlocking anticipated passive ETF inflows and broader institutional demand. Citi projects a stock valuation exceeding $900, driven by accelerating launch service revenues and margin expansion over the next 12–18 months.
1. Citi’s $900 Valuation Forecast
Citi analysts project SpaceX could surpass a $900 per share valuation, citing accelerating launch services revenue growth and improving Starlink broadband margins over the next 12–18 months as key drivers of profitability.
2. Nasdaq-100 Inclusion Impact
SpaceX will be added to the Nasdaq-100 index later this month, prompting significant passive ETF inflows and enhancing institutional demand as major index-tracking funds adjust portfolios.
3. Key Growth Drivers and Risks
The bullish outlook depends on scaling launch cadence, Starship commercialization and Starlink subscriber growth, while regulatory delays, cost overruns or competitive pressure in the launch market could temper upside potential.
