Cramer warns SpaceX IPO to spark bubble
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- Jim Cramer warned that a limited share offering could push SpaceX’s valuation to $5 trillion, creating a bubble.
- SpaceX plans to go public in June, with a prospectus possibly released next week, and valuation estimates ranging from $1.75 trillion to $2 trillion.
- Cerebras debuted on Nasdaq on May 14, showing strong demand that Cramer cited as a benchmark for potential SpaceX demand.
- OpenAI and Anthropic are eyeing IPOs, and Cramer warned they could be impacted by the same speculative excess.
Why it matters: Investors risk overpaying if SpaceX’s IPO reaches a $5 trillion valuation, while underwriters risk engineering a bubble that destabilizes the market and pressures future AI listings like OpenAI and Anthropic.
