3 Top Strait of Hormuz Stocks, and How the FCC is Boosting SpaceX

What: The Strait of Hormuz, a critical waterway connecting the Middle East to the global economy, has seen increased tensions between Iran and other nations, potentially disrupting oil shipments.
Why: The FCC's recent approval of SpaceX's Starlink satellite internet service is expected to boost the company's revenue and increase its valuation.
Signal: The FCC's decision is seen as a strong signal of support for SpaceX's ambitious plans to expand its satellite internet service globally.
Target: SpaceX is targeting **$100 billion** in revenue by **2030**, with the FCC's approval expected to play a significant role in achieving this goal.
Risk: The increased tensions in the Strait of Hormuz pose a significant risk to global oil supplies, with prices potentially rising by **$5 per barrel** if disruptions occur.