RE: IPO investing cheat sheet: Never buy on Day 1?

Insiders generally cannot sell their holdings for the first 90-180 days after an IPO, so that is something to consider. I know that the rules have been changed specifically for spacex and the time that insiders need to wait was significantly reduced to a tierd system starting at 70 days. For me, I would probably wait until after that period at a minimum. I just think that they are going to dump their holdings. The company is essentially multiple businesses that are not profitable all combined into one company. I wouldn't touch that stock regardless, for multiple reasons. I don't care if it does end up doing well and I miss out. But thats just me.