GLJ Research analyst Gordon Johnson on Thursday said that the Iranian government’s adding Elon Musk-led SpaceX to its target list is a smart move for Tehran.
Iran To Target SpaceX?
In a post on X, Johnson said that Iran targeting SpaceX infrastructure was smart for Iranians because “the stock market melting higher is literally ALL US politicians care about.”
SpaceX assets located in the region include Starlink ground stations in countries like Israel, Qatar, Jordan, the UAE and Oman. Iran has also added SpaceX shareholders’ infrastructure as targets, according to a report by Iran’s Fars news agency on Thursday.
Oppenheimer’s 41% Upside, Gary Black’s TSLA Prediction
Investment bank Oppenheimer Holdings Inc. (NYSE:OPY) kicked off the first-ever coverage of SpaceX’s stock, touting a $190 price target for SpaceX, up nearly 41% from its offering price of $135/share during the IPO.
“We see it as the only vertically-integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent," the bank said in the investor note.
Meanwhile, investor Gary Black of The Future Fund LLC predicted that the Friday IPO will result in Tesla Inc. (NASDAQ:TSLA) shareholders exiting their positions in the EV giant so that they can participate in SpaceX.
Black also warned against SpaceX’s valuation, calling the company "richly valued" in his post on X. The investor also mentioned that he would avoid the IPO and wait until the stock value stabilized.
Elon Musk’s Trillionaire Goal
With the IPO looming, SpaceX and Tesla CEO Elon Musk could become a trillionaire, as the SpaceX IPO has pushed his estimated net worth to just $29 billion shy of the $1 trillion milestone. Musk's holdings in SpaceX are now worth about $688 billion, helping lift his overall net worth to approximately $971 billion.
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