In this article, we will discuss: Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks. For more stocks, you can head to Jim Cramer Called SpaceX A Meme Stock & Discussed These 5 Stocks.
With SpaceX’s IPO now official, CNBC’s Jim Cramer is watching the stock like a hawk. Before the shares were listed, he had remarked that traders were selling anything that they could to raise capital. Cramer also discussed the risks of overallocation. After the shares became available for trading, he praised investment banks for their ability to control the market and prevent unsavory behavior. However, now, as the stock crossed the $210 mark, Cramer is worried whether the shares are going up too quickly. He commented in a tweet:
“Maybe it’s okay to you, but I would hate to see a meme stock–what SpaceX stock has become–walked to the size of Nvidia over a series overnight moves with no sellers. But that seems to be the goal. Maybe early release of those who want to go?? I am uncomfortable watching a stock go up ten points in a couple of hours of trading. And i LIKE the stock!!”
Our Methodology
For this article, we compiled a list of stocks that Jim Cramer discussed during the episode of Squawk on the Street aired on June 12th and tweeted about. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2025, which was taken from Insider Monkey’s database of 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
7. Space Exploration Technologies Corp. (NASDAQ:SPCX)
Number of Hedge Fund Holdings in Q1 2026: N/A
Space Exploration Technologies Corp. (NASDAQ:SPCX)’s IPO was the most anticipated listing of 2026. Before and after the listing, Cramer continued to discuss the firm. Like the CNBC TV host, several analysts also shared their thoughts on Space Exploration Technologies Corp. (NASDAQ:SPCX) as the shares were listed for public trading. For instance, Oppenheimer initiated coverage with a Buy rating and a $190 share price target. Artificial intelligence was at the center of the financial firm’s coverage, as it remarked that the rocket company was the only “vertically-integrated” AI firm and added that data centers in space could prove to be more fruitful than those on Earth. New Street Capital set a $165 share price target for Space Exploration Technologies Corp. (NASDAQ:SPCX). However, Morningstar caught attention as it remarked that its “fair value estimate for narrow-moat-rated SpaceX is $63 per share.” As for Cramer, as the shares were about to list, he discussed how investment banks were ensuring that unsavory trading wouldn’t affect the stock:
“Yeah and this is what I think that they really spent a lot of time trying to figure out what could go right, what could go wrong. I’m very impressed with the people who ran these deals. Because they focused, David, on everything that could go awry, as opposed to everything that could go great. And I really liked that, as opposed to Figma, as opposed to Cereberus, maybe as opposed to some of the ones that Carl just mentioned. Really focused on how not to give it to the wrong people. And how to, there was apparently, you know Fidelity people got a lot, Robinhood people didn’t get a lot. I mean they really thought about it. And I don’t know David, how much was of Musk was involved with that?
“I’m just saying, NASDAQ-100 inclusion, was something that the NASDAQ was quite excited to dangle in front. . .
“Yes I think that it’s really good. Because the people who were cut back, the firms that were cut back. I think, terrific. What I want them to do, is not lose control. If you go back to when Knight Securities got control of so many of the 1999, 2000 deals and gaffed everybody. You know they got control, meaning that they somehow managed to get control of where the opening was. I think that Morgan Stanley has very good control of the opening from retail, and I think that’s key, David. I don’t how they’re doing it. . .somehow they’re very confident about stabilizing the top. . .I’m gonna go for 2.5 trillion.
“I think that this is a monumental, hard working story, that David, I really think, most Americans, seem to be able to, is it something that we can unite on?. . .I think we can unite on this. I’m being a little ethereal, maybe even sappy, I don’t mind that. But that we can unite on this.”
As the IPO concluded, he praised Goldman Sachs and Morgan Stanley by tweeting:
“Picture perfect work by GS and MS and MUSK”
As the share price soared the day following the listing date, the CNBC TV host was impressed after the market value crossed his $2.5 trillion prediction. Cramer tweeted:
“SpaceX trading at $200… Monster!”
Ever the hawk, Cramer kept a watchful eye on the shares as they entered their third day of trading and tweeted:
“The buyers, right now, 4 a.m. are going nuts for SpaceX, taking it through $210. They just can’t stop buying and as you can imagine, there are no sellers of size around at this hour. The buyers could walk this one up billions and billions of dollars higher without some source of funds arriving.”
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