Franklin Templeton CEO Jenny Johnson said the asset manager will participate in the expected SpaceX IPO, adding to signs of institutional interest in the company and the wider space sector. Ahead of the anticipated Nasdaq debut, Oppenheimer initiated coverage with an outperform rating and a $190 price target, citing Starlink’s potential to disrupt the U.S. communications market. BlockBeats reported on June 11 that SpaceX is nearing an IPO at an expected valuation of about $175 billion, or roughly 52 times sales, while space-focused ETFs rose the same day. The development also comes as Franklin Templeton expands its digital-asset efforts, including previously disclosed plans for a “Franklin Crypto” unit aimed at pension funds and sovereign wealth funds.