Wall Street is bracing for a historic wave of mega-IPOs, and CNBC’s Jim Cramer is sounding the alarm. He warns that the highly anticipated public debut of SpaceX could drain capital from the broader market unless structural precautions are taken to prevent an artificial price squeeze.
Fearing The $3 Trillion Gorilla
SpaceX confidentially filed its S-1 on April 1, targeting a valuation between $1.75 trillion and $2 trillion ahead of a potential June listing. However, Cramer fears overwhelming retail and institutional demand, combined with limited initial share offerings, could lead to disastrous market mechanics.
“I am very worried about the amount of supply stemming from SpaceX, OpenAI and Anthropic,” Cramer posted on X on Tuesday. “They really need to be spaced out and we will need no lock-ups so SpaceX won’t open at $3 trillion.”
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