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Aditya Raghunath

Iran Labels Elon Musk’s Space Assets as Targets with SpaceX IPO Underway

Just hours before SpaceX is set to begin trading on the Nasdaq on June 12, Iran announced it was placing Elon Musk's regional business interests squarely in its crosshairs. The threat adds a new layer of geopolitical risk to what was already the most closely watched initial public offering in stock market history.

Iran's state media outlet Fars Media reported that the country intends to treat all of Musk's companies operating in West Asia, including SpaceX's Starlink satellite internet service, as legitimate military targets, according to CNBC.

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