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Citi analysts said a recent successful Starship launch advances several of SpaceX's strategic priorities and could support a long-run stock value path implying a valuation as high as $12 trillion. The analysis reflects growing investor enthusiasm for SpaceX's satellite, launch, and space infrastructure businesses. The bullish outlook underscores how private space and launch capabilities are increasingly being valued alongside terrestrial tech giants, even though SpaceX remains privately held with no public shares currently trading.