[Citi: Reiterates 'Buy' Rating for SpaceX, Raises Target Price to $240] According to a report by Golden Finance on October 21, Citi released a research report stating that SpaceX's third-quarter performance exceeded expectations, with revenue, gross profit, and adjusted EBITDA for its three main business segments surpassing the bank's forecasts. Citi raised SpaceX's target price from $200 to $240 and reiterated its 'Buy' rating. Management provided guidance for first-quarter revenue next year in the range of $33 billion to $37 billion, exceeding market expectations of approximately $23 billion by over $10 billion. The bank significantly raised its earnings per share estimate for the company next year from $2.14 to $3.25.