SpaceX officially debuted on the Nasdaq exchange today, June 12, 2026, under the ticker symbol SPCX. With an initial public offering price of $135 per share, the company has reached a valuation of approximately $1.77 trillion, securing its position as the largest IPO in financial history.
Ahead of the market opening, CNBC host Jim Cramer issued a cautionary note to retail investors, warning that the stock could face unsustainable volatility. Cramer expressed concern that inexperienced investors utilizing market orders rather than limit orders could trigger an artificial price surge, leading to a sharp subsequent correction. He emphasized that chasing the stock at the open is a high-risk strategy that rarely favors the buyer.
Despite these warnings, market demand for the offering has been intense, with reports indicating the deal was four times oversubscribed. This IPO is unique for its inclusion of a significant digital asset treasury; SpaceX holds 18,712 Bitcoin on its balance sheet, providing public market investors with indirect exposure to the cryptocurrency for the first time.
Cramer’s commentary has sparked a familiar debate regarding the ‘Inverse Cramer’ effect. Given his history of negative calls on assets like Bitcoin, which subsequently rallied, many contrarian investors are viewing his warning as a bullish indicator for the stock’s long-term performance.