Cramer Backs Buying SpaceX After $2.1 Trillion Nasdaq Debut
Updated
Updated · CNBC · Jun 12
Cramer Backs Buying SpaceX After $2.1 Trillion Nasdaq Debut
3 articles · Updated · CNBC · Jun 12
Summary
$150 opening shares of SpaceX jumped as high as $176 on Friday, and Jim Cramer said investors can still buy the stock if they treat it as a long-term bet.
Cramer argued the rally reflects faith in Elon Musk's space-exploration vision and project pipeline, not the company's current earnings, losses or cash outflows.
He said pullbacks should be buying opportunities for investors who accept that SpaceX may post losses for years while pursuing much larger future markets.
Goldman Sachs and Morgan Stanley also won Cramer's praise for pricing and distributing the IPO in a way that balanced retail and institutional demand without a disorderly first-day spike.
Is SpaceX’s $2.1 trillion valuation a bet on the future or a historically massive bubble?
Is SpaceX a public company or a private empire funded by investors with little actual say?
What is the ultimate environmental price for SpaceX's planned dominance of low-Earth orbit?
SpaceX’s $1.75 Trillion IPO: Market Frenzy, AI Ambitions, and the Risks Behind the Record-Breaking Debut
Overview
SpaceX’s record-breaking IPO on June 12, 2026, sparked a surge in its share price and made Elon Musk the world’s first trillionaire. This unprecedented debut created intense market enthusiasm and led to a major reshuffling of investor portfolios, as funds rotated capital into SpaceX stock. The excitement around the IPO caused selling pressure on other technology giants and sharp declines in shares of competing space and satellite companies. The immediate impact highlighted SpaceX’s influence on the broader tech sector and set the stage for ongoing debates about its valuation, future growth, and the risks facing new investors.