Jim Cramer calls SpaceX stock a ‘Monster’ at $200

Jim Cramer has praised Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, after it surpassed the $200 mark for the first time since its mega initial public offering (IPO)

In an X post on June 16, Cramer referred to SpaceX as a ‘Monster’ after the stock outshined his expectations. As SpaceX prepared for its latest IPO last week, Cramer cautioned SPCX investors about a potential repeat of a bust like Cerebras Systems Inc. (NASDAQ: CBRS), as Finbold reported.

As such, Cramer has criticized SPCX surge, whereby he suggested that they have become a meme stock due to a lack of sellers. Notably, SpaceX’s initial circulating supply after its recent IPO consists of approximately 555.6 million shares sold, representing roughly 4% of the company’s nearly 13 billion total shares outstanding.

Most pre-IPO shareholders are subject to a lockup that releases up to 20% of their eligible shares after the second quarter 2026 earnings report. Elon Musk and certain significant investors face a 366-day lockup expiring around mid-2027 with no early releases.

With​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ SpaceX stock attracting more investors who may have missed an entry during the IPO, Cramer highlighted that the company could grow to the size of Nvidia Corp. (NASDAQ: NVDA). At press time, SpaceX had a market capitalization of about $2.5 trillion, while Nvidia had a reported valuation of roughly $5.14 trillion.

SpaceX stock outlook

After closing Monday trading at $192.37, SpaceX stock surged to a fresh high on Tuesday. During the pre-market trading session, SPCX stock hovered at about $211.78, according to data from TradingView.

If the investors continue to flock into SpaceX over the coming days, the stock market could experience a further surge in accordance with Cramer’s prediction. Moreover, the company has strong fundamentals that are likely to attract more buyers in the near term.