Tom Lee: The SpaceX Lock-Up Expiration Pullback is a Buying Opportunity, Advises Against Chasing Highs in the Short Term

Tom Lee, Chairman of BitMine, stated in an interview that he will not set a specific price target for SpaceX, as the company's growth is primarily focused on the future. Setting a target now would be equivalent to discounting the next 20 years of growth to the present, which is a speculative endeavor.

Tom Lee specifically mentioned the upcoming share unlock, noting that original investors are likely to generate selling pressure through hedging their positions. However, he believes this selling pressure will actually turn into a good buying opportunity. Tom Lee advises against chasing highs in SpaceX in the short term and suggests that using the pullback triggered by the unlock to build a position is a suitable strategy.