As SpaceX Goes Public, Iran Media Reports Musk Companies Are Legitimate Military Target

While Elon Musk's SpaceX rockets have typically had no trouble exploding on their own accord, they could soon get some assistance from the Islamic Revolutionary Guard Corps.Tehran's state-run Fars News Agency reported on Thursday that Iranian officials have added assets owned by Musk throughout the Middle East to their target lists, noting the US and Israeli military's use of SpaceX's Starlink satellite services in operations against Iranian infrastructure.As reported by Forbes, SpaceX has Starlink ground stations in Qatar, Jordan, United Arab Emirates, and Oman that could be potential targets of future Iranian attacks. However, the Starlink facilities may not be the only targets, as Iran reportedly said it reserves the right to strike all Musk-affiliated facilities in the region, according to Forbes.Iran's threats to attack SpaceX facilities came as the private space exploration firm made an initial public offering (IPO) on Thursday that the Wall Street Journal reported broke the record for the largest in history.According to the Journal, SpaceX sold 75 billion worth of shares during the IPO at 135 apiece, giving the company a valuation of 1.77 trillion.The SpaceX IPO has come under criticism in recent weeks over revelations that the Nasdaq stock market exchange changed its own rules so that company can be immediately included in index funds without having to wait through the one-year “seasoning” period that used to be required for newly public firms.Other critics have raised red flags about SpaceX's profitability, noting that it made only 19 billion in profits last fiscal year, giving it a valuation 54 times larger than its projected revenue multiple, a measure of its value based on expected future earnings.SpaceX shares are set to begin trading publicly on Friday.