Cramer Backs SpaceX After IPO, Citing 12 Million Starlink Users and Methodical Debut
Updated
Updated · CNBC · Jun 14
Cramer Backs SpaceX After IPO, Citing 12 Million Starlink Users and Methodical Debut
1 articles · Updated · CNBC · Jun 14
Summary
SpaceX won a full-throated endorsement from Jim Cramer after its public debut, with Cramer calling the company far bigger than Tesla and saying the stock’s rise may not be over.
12 million Starlink subscribers, plus what Cramer described as highly profitable compute contracts — including $920 million a month from Google and $1.25 billion from Anthropic — underpin his bullish case.
Goldman Sachs and Morgan Stanley also drew praise for a fixed-price IPO that, Cramer said, limited flipping and avoided the aftermarket losses seen in hotter launches such as Cerebras and Figma.
Nasdaq 100 inclusion is the next catalyst in his view, potentially drawing benchmarked fund demand as SpaceX becomes a template for future blockbuster listings.
As Musk's focus shifts to his newly public SpaceX, what does this mean for Tesla's future?
With a $5 billion loss, can SpaceX's AI ambitions truly justify its massive multi-trillion dollar valuation?
SpaceX’s Historic $75B IPO: Investor Frenzy, Starlink’s Global Surge, and the High-Stakes AI Bet
Overview
SpaceX made a historic debut on Nasdaq on June 12, 2026, raising $75 billion in one of the largest IPOs ever. This event drew global investor attention and happened during a highly anticipated 'IPO summer,' with other tech giants like Anthropic and OpenAI also preparing to go public. The IPO triggered a major shift in investor portfolios, as funds moved into SpaceX, causing sharp declines in other space and satellite stocks. This immediate market reaction highlights strong confidence in SpaceX’s disruptive potential, even as the company faces ongoing financial challenges and heavy spending on AI and data centers.