I know there's a lot of discussion about the upcoming SpaceX IPO being an insider stock dump, but as a former SpaceX employee who worked there for a couple years, I had a strong sense that the company was genuinely doing quite well and had a level of development that's unmatched in the defense industry. I never saw any real negative signs inside the company, and I always intended to just hang onto my stocks until I retire.
My main question is what's the big deal of a company being overvalued? I definitely do think SpaceX is overvalued at the moment, but I do believe it'll continue to grow given the culture of relentless work and growth I saw at the company when I was there. My family and I are already relatively wealthy, so I don't really care if there's some moderate stock drop if all that really means is that I just keep my stock for another decade or two until it recovers in price. Is there a compelling reason for me to sell my stock immediately upon IPO?