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