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Think SpaceX Will Mark The Market Top? Tom Lee Says History Suggests Otherwise

Benzinga·
Think SpaceX Will Mark The Market Top? Tom Lee Says History Suggests Otherwise

Fundstrat's Tom Lee dismissed concerns that SpaceX's IPO will mark a market top, arguing that history shows major IPOs rarely coincide with market peaks. Lee cited $7 trillion in available cash on the sidelines and strong demand from high-net-worth investors as reasons the market will absorb the offering well and potentially rally post-IPO.

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