[Tom Lee: SpaceX's Historic IPO is the Culprit Behind Weak U.S. Stocks, but Could Drive Market Recovery Post-Listing] According to a report by Golden Finance, Tom Lee, the partner and head of research at Fundstrat, often referred to as the 'Wall Street Whiz,' stated in a client report released on Tuesday that SpaceX's imminent entry into the capital markets is the primary factor behind the recent turbulence in U.S. stocks. Tom Lee analyzed that the core logic behind the current weakness in U.S. stocks is quite clear: market participants are actively selling off their existing stocks and accumulating cash to participate in this blockbuster IPO, with the capital diversion effect continuing to intensify. However, he also predicted that if SpaceX performs strongly on its first day of listing, market risk appetite will rebound, thereby driving a recovery in other stocks. This round of SpaceX's IPO has been highly sought after in the market, with the scale of oversubscription continuing to rise. According to Fundstrat's statistics, the current subscription multiple for this issuance has reached 4x. Based on market trends, it is projected that by this Friday, when the official listing occurs, the oversubscription ratio could climb to 10x.