SpaceX Stock Plummets Immediately After Jim Cramer Opens His Mouth

SpaceX was having the kind of week that makes traditional Wall Street brokers weep into their morning martinis. Elon Musk’s aerospace giant finally pulled off its highly anticipated IPO, and it was an absolute moonshot.

Shares of SPCX surged nearly 20% on day one, tacked on another 11% the next day, and pushed the company’s valuation to a staggering $2.3 trillion.

The company is basically part rocket ship, part Bitcoin vault. But just when investors thought they were riding this bad boy straight to Mars, a wild Jim Cramer appeared on CNBC to deliver the ultimate kiss of death.

The infamous Jim Cramer kiss of death

On Tuesday, the Mad Money host decided he needed to weigh in on the space race. Cramer went on air and mused about the stock’s parabolic trajectory, stating, “I clock SpaceX going up one point per hour.” He followed up by complaining that SpaceX was trading like a volatile meme stock, which made him “uncomfortable,” despite claiming he actually likes the company.

“Maybe it’s okay to you, but I would hate to see a meme stock, what SpaceX stock has become — walked to the size of Nvidia over a series of overnight moves with no sellers.” — Jim Cramer

You can guess what happened next. The universe heard him. The market gods looked down, saw Jim Cramer tracking a stock’s upward velocity, and immediately pulled the emergency brake.

Houston, we have a 5% Loss Porn problem

Right on cue, Jim Cramer’s blunt response to the SpaceX stock surge triggered the legendary “Inverse Cramer” effect. Almost immediately after his comments, SpaceX shares hit reverse, dropping 4.95% and wiping out a casual $180 billion from its peak IPO valuation.

It turns out that not even 18,000 corporate Bitcoins or literal rocket boosters can withstand the financial hex of America’s favorite shouty TV host.

For the crypto bros who were trading SpaceX futures on Hyperliquid before the listing even went live, this is just another Tuesday of extreme volatility. But for the retail traders who bought the absolute top right before Jim opened his mouth? Welcome to the Thunderdome, gents.

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SpaceX Stock Plummets Immediately After Jim Cramer Opens His Mouth

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