Wall Street banks are keeping astronomical price targets on SpaceX’s stock as it struggles to achieve post-IPO exit velocity

Despite SpaceX's challenges in gaining momentum post-IPO, Wall Street banks like Citigroup maintain high price targets, projecting a $12 trillion market capitalization. This optimism is driven by SpaceX's potential in the booming AI sector and its groundbreaking work in space technology. The continued high valuation reflects investor confidence in SpaceX's long-term vision, even as it grapples with current operational hurdles. This divergence between reality and expectations underscores the speculative nature of tech-sector valuations.