Iran Targets Elon Musk's Companies
Analysis based on 7 articles · First reported Jun 11, 2026 · Last updated Jun 11, 2026
The escalating tensions between Iran>>> and the United States>>>, coupled with Iran>>>'s threats against Elon Musk>>>'s companies, are likely to increase market volatility, particularly in the aerospace, telecommunications, and oil and gas sectors. The potential seizure of Iran>>>'s oil infrastructure could significantly impact global oil prices and energy markets.
Iran>>> has issued a severe warning, declaring all of Elon Musk>>>'s economic holdings in the Middle East, including SpaceX>>>'s SpaceX — Starlink>>> service and its ground stations in Israel>>>, Qatar>>>, Jordan>>>, the United Arab Emirates>>>, and Oman>>>, as legitimate military targets. This threat stems from Iran>>>'s accusation that Musk's companies are actively supporting United States>>> and Israel>>>i military operations against Iran>>> through projects like Starshield, which provides Earth observation, encrypted communications, and secure data transmission. Concurrently, United States>>> President Donald Trump>>> has vowed to launch 'very hard' strikes against Iran>>> and seize its key oil infrastructure, specifically mentioning Iran — Kharg Island>>>. Trump also indicated a desire to control Iran>>>'s oil and gas markets, drawing parallels to the United States>>>' actions in Venezuela>>>. The United States>>> Treasury Secretary Scott Bessent>>> further stated that Iranian funds would be used to compensate for any damage Iran>>> inflicts on Gulf allies. These developments follow recent exchanges of fire between the United States>>> and Iran>>> and Iran>>>'s previous threats against other American tech firms like Nvidia>>>, Apple Inc.>>>, Microsoft>>>, and Alphabet Inc.>>>.
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