Jim Cramer praised SpaceX (NASDAQ: SPCX) on June 16 after the share price surged past $200, marking the first time the stock has exceeded that threshold since the company’s mega IPO.
Jim Cramer’s Assessment
In an X post, Cramer labeled SpaceX a “Monster” and noted that the price movement outperformed his expectations. He warned investors that the rapid climb could mirror the downturn experienced by Cerebras Systems (NASDAQ: CBRS), cautioning against a repeat of that bust. Additionally, Cramer suggested the rally turned SPCX into a meme‑stock dynamic, citing a scarcity of sellers on the market.
Share Distribution and Lock‑up Schedule
The post‑IPO float consists of roughly 555.6 million shares, which represents about 4 % of SpaceX’s total outstanding shares near 13 billion. Most pre‑IPO holders face a staggered lock‑up that permits up to 20 % of their eligible shares to be released after the Q2 2026 earnings report. Elon Musk and several large investors are bound by a 366‑day lock‑up that expires around mid‑2027, with no early release provisions.
Valuation Relative to Industry Peers
At the time of writing, SpaceX’s market capitalization stands at approximately $2.5 trillion, while Nvidia (NASDAQ: NVDA) is valued near $5.14 trillion. Cramer highlighted that the influx of investors who missed the IPO could drive SpaceX toward a size comparable to Nvidia’s. The growing interest from crypto and blockchain‑focused investors adds another layer of momentum to the stock’s upward trajectory.