GLJ Research analyst Gordon Johnson thinks Iran's latest move is actually pretty clever. On Thursday, he said that Iran targeting Elon Musk's SpaceX infrastructure is a smart play for Tehran — because, in his words, "the stock market melting higher is literally ALL US politicians care about."

Iran's Fars news agency reported that the country has added SpaceX assets in the region to its target list. That includes Starlink ground stations in Israel, Qatar, Jordan, the United Arab Emirates, and Oman. They've also included infrastructure belonging to SpaceX shareholders. Johnson's take: if you want to get Washington's attention, hit them where it hurts — their portfolios.

Meanwhile, the SpaceX IPO is the talk of the town. Investment bank Oppenheimer kicked off coverage of SpaceX with a $190 price target, which is nearly 41% above the IPO price of $135 per share. The bank called SpaceX "the only vertically-integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent."

But not everyone is rushing to buy. Gary Black of The Future Fund LLC predicts that Tesla shareholders will sell their positions in the EV giant to free up cash for SpaceX shares. However, Black himself is staying on the sidelines. He called SpaceX "richly valued" and said he'll wait until the stock stabilizes before jumping in.

And then there's Elon Musk's personal fortune. With the IPO looming, Musk is on the verge of becoming a trillionaire. His SpaceX holdings are now worth about $688 billion, pushing his estimated net worth to approximately $971 billion — just $29 billion shy of the $1 trillion milestone. Not bad for a guy who started a rocket company.