Svmuu News: BitMine Chairman Tom Lee said in an interview that he would not set a specific price target for SpaceX because 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 amounts to speculation.
Tom Lee specifically mentioned the upcoming stock vesting, noting that early investors are likely to create selling pressure by unwinding their positions, but this selling pressure could actually present a good buying opportunity. Tom Lee believes investors should not chase SpaceX’s price higher in the short term; instead, using the pullback caused by the vesting to build a position is the appropriate strategy.