Navellier Urges 1-Year Wait on SpaceX Stock as Musk Volatility Clouds IPO Entry
Updated
Updated · InvestorPlace · Jun 14
Navellier Urges 1-Year Wait on SpaceX Stock as Musk Volatility Clouds IPO Entry
1 articles · Updated · InvestorPlace · Jun 14
Summary
Louis Navellier says investors should avoid buying SpaceX immediately after its IPO, arguing the key issue is whether they can absorb the stock’s likely volatility.
A 1-year waiting rule underpins his view: post-IPO lockup expirations can unleash insider selling, and four quarters of public results are needed to judge risk, fundamentals and which business lines drive growth.
He points to past winners that slumped after listing or peaks—Facebook fell from $38 to about $17.50 within months, while Amazon once dropped more than 90% from its dot-com high.
Musk adds another risk layer, Navellier says, because headlines around the CEO have repeatedly swung Tesla’s market value and could do the same for SpaceX.
He still calls SpaceX a strong company with profitable operations, but says a bullish market and roughly $7 trillion in sidelined cash do not justify chasing a high-profile IPO blindly.