Inflection Point Acquisition Corp. II initiated with a Buy at Benchmark

Benchmark initiated coverage of Inflection Point Acquisition Corp. II (IPXX) with a Buy rating and $15 price target USA Rare Earth, with which Inflection Point Acquisition Corp. II has entered into a definitive business combination agreement, is positioned to be one of the first rare-earth magnetics manufacturers in the U.S. and the reshoring of the permanent magnet industry has been deemed critical to national security, the analyst tells investors. The company has a facility in Oklahoma and will soon begin the magnet sales process through the commissioning of an Innovation Lab, says the analyst, who has given “no value” to their rare earth mine, Round Top, but sees “considerable option value if Round Top advances to commerciality.”