Worried about SpaceX's volatility? Here's what 401(k) savers should do.

If you have a 401(k), your retirement savings will likely be invested in SpaceX sooner or later, and that has many savers feeling squeamish.

The rocket company's stock has been volatile since its public market debut, surging to heady highs from the June 12 opening price of $150 and sinking to its lowest close on Thursday.

Those ups and downs aren't uncommon following major IPOs. Think Lyft (LYFT), Coinbase (COIN), Robinhood (HOOD), and Rivian (RIVN), which all saw major 12-month slides ranging from Coinbase's 55% share drop to Robinhood's 74% plunge after going public, according to Truist chief investment officer Keith Lerner, who studied 30 of the last major IPOs.

Why are recent IPOs more volatile than established stocks?

How can I reduce SpaceX exposure in retirement accounts?

What percentage of my retirement portfolio is SpaceX?

Facebook (now Meta (META)) shares dropped 32% in the first year of trading, while the S&P 500 Index climbed 10% during that same time.

What's different here is that this stock has an immediate impact for millions of retirement savers who invest in a 401(k) via broad index funds — and may have unknowingly acquired the stock.

Due to the easing of r

Fuente original: Yahoo Finance (https://finance.yahoo.com/news/worried-about-spacexs-volatility-heres-what-401k-savers-should-do-110835130.html)