I never said I was getting in on the IPO or not; nor did I recommend for or against it; I said the SpaceX IPO is going to "unsettle" the market.
That said, I think SpaceX is going to "rocket up" with many making and taking quick profits; but I also see tremendous upside for anyone who gets in on the IPO and holds, if Musk's other ventures are indicative of its' future "trajectory". (puns intended).
for many investors who don't have cash on the side (many hedge funds, for example, have sold shares of other stocks to raise capital to buy SpaceX).
Some of the current market downturns are investors freeing up cash to buy, perhaps SpaceX or perhaps other stocks.
I've had money on the side, and have been buying the drops, at least many of them, including last Friday, and much of this week. I'm hoping the "fallout" from the SpaceX IPO provides other market bargains