SpaceX's IPO is coming, and the advice for regular investors is cautious — don't rush in.

• Elon Musk is reportedly trying to give regular investors a fair shot at the IPO, which is unusual.
• Normally regular people buy in late while big institutions and the wealthy cash out at the top.
• Chasing IPOs tends to lose money — the average buyer is down about 21%.
• Better move: wait 6 to 12 months for the hype to fade before buying.
• The real way to build wealth is buying solid, profitable companies and holding for decades.

Outlook: Expect heavy hype around the SpaceX launch, but waiting it out is the safer play for small investors.