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Jim Cramer sends a stern message to SpaceX buyers

Jim Cramer has cautioned that SpaceX stock may become a financial drain for investors. The company recently launched the largest IPO in history on June 12. Cramer suggests the current valuation might already reflect future growth.

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What changed

New details emerge regarding the IPO price of $135 per share and the total of 555.6 million shares on offer.

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  1. Jim Cramer Warns SpaceX Stock Could Drain Investors

    Jim Cramer has cautioned that SpaceX stock may become a financial drain for investors. The company recently launched the largest IPO in history on June 12. Cramer suggests the current valuation might already reflect future growth.

    What's confirmed:

    • SpaceX launched its IPO on June 12 with a price of $135 per share.
    • The SpaceX IPO raised $75 billion and is the largest in market history.
    • Jim Cramer is the host of CNBC's Mad Money.
    • Cramer warned that SpaceX stock could be a drain for investors.

    Still unconfirmed:

    • SpaceX is offering 555.6 million shares in its IPO.
    • The IPO briefly pushed Elon Musk's value to a trillionaire status.
    confidence 90%

  2. Jim Cramer Warns SpaceX Investors as Meme Status Fails

    Jim Cramer stated on June 17 that SpaceX could not maintain its meme status after the stock failed to sustain its initial rally. The company recently completed the largest IPO in history, briefly pushing Elon Musk's value to a trillionaire status. Cramer cautioned that future growth may already be priced into the current stock value.

    What's confirmed:

    • SpaceX went public on June 12 at $135 per share.
    • The SpaceX IPO was the largest in stock market history.
    • Jim Cramer stated on June 17 that SpaceX could not maintain its meme status.
    • The stock surged 50% above its offer price within three sessions.

    Still unconfirmed:

    • Retail investors placed more than $100 billion in orders before the IPO.
    • The company raised about $75 billion during its IPO.
    • SpaceX's market value briefly reached nearly $3 trillion.
    confidence 90%

  3. Jim Cramer Warns SpaceX Investors Over Valuation Risks

    Jim Cramer cautioned SpaceX buyers that the stock might have priced in future growth too rapidly. He claims investors are betting on the vision of Elon Musk. Cramer highlighted risks related to the company's structure and valuation.

    What's confirmed:

    • Jim Cramer cautioned SpaceX investors that the stock may have priced in future growth too quickly.
    • Cramer asserts that buyers are betting on the vision of Elon Musk.

    Still unconfirmed:

    • Cramer highlighted serious risks tied to the private aerospace company's valuation and structure.
    confidence 90%

  4. Jim Cramer Warns SpaceX Buyers Following Record IPO

    Jim Cramer has cautioned SpaceX investors that the stock may have priced in future growth too quickly. He asserts that buyers are betting on Elon Musk's vision rather than current earnings. This comes after the company's largest-ever stock market debut.

    What's confirmed:

    • SpaceX priced its initial public offering at $135 a share on June 12 and raised about $75 billion.
    • Jim Cramer stated that SpaceX investors are betting on Elon Musk rather than the company's earnings.
    • The SpaceX IPO was the biggest stock-market debut on record.
    • Jim Cramer warned on June 16 that the stock had started to be priced for tomorrow.

    Still unconfirmed:

    • SpaceX passed Microsoft in value near $2.7 trillion by the morning of June 16.
    • Retail investors placed more than $100 billion in orders before the IPO.
    confidence 90%