15. Space Exploration Technologies Corp. (NASDAQ:SPCX)
Number of Hedge Fund Holdings in Q1 2026: N/A
Elon Musk’s rocket company, Space Exploration Technologies Corp. (NASDAQ:SPCX), is the most widely discussed stock this month. The shares were on the media’s radar after their highly anticipated IPO. Like the media and markets, Cramer has also watched Space Exploration Technologies Corp. (NASDAQ:SPCX)’s stock like a hawk. Before the shares started trading, the CNBC TV host remarked that investors were selling whatever they could to raise money to buy the shares. After the IPO, he clocked the shares gaining one point per hour and received much criticism for inadvertently calling out the top. In this appearance, Cramer showed just how closely he was watching Space Exploration Technologies Corp. (NASDAQ:SPCX)’s shares:
“Well I had to. They were looking for, they, whoever is handling some of the books, or, were looking for sellers last night. As late as nine, ten. And they were paying two hundred. Between 2:47 and 4 o’ clock was something I haven’t seen in a long time. This stock made a run at 211, 212. Then when Morgan comes on, its at 213 and they throw it back to 210. And then, David, they brought it all the way back to 201. Meme stocks, are moved up, in the middle of the night, the dark of the night, in the wee hours of the night. And then sometimes sellers come in and sometimes sellers get exhausted. David this was a remarkable run based on nothing, and there are sellers. But not big ones.
“But David, how about the fact that, the Russell, Russell’s about to admit it and then after that, the Nasdaq-100. You know, I just think that we’re going to look at these indices and say, why didn’t we get ahead of it? A momentum person says, look, there’s some really huge buying coming up. And I gotta get in ahead of it. I mean it’s happening.
“. . .you know when I think about, you take a look at what the Nasdaq-100’s going to do, it’s going to happen very quickly, and you know what happens then is if you bought it now, you probably could flip it.”
As trading closed on June 18th, he commented:
“SpaceX only walked up about $2 today. I figure people will understand you can’t move this one that easily…”
