SpaceX Debuts on Nasdaq at $150, Soars to $176, Reaching $2.1 Trillion Valuation

According to Jim Cramer, host of CNBC's Mad Money, SpaceX debuted on Nasdaq on June 12 at its IPO price of $150 per share, soaring to an intraday high of $176 and closing at a market capitalization of $2.1 trillion, making it one of the U.S.'s most valuable companies. Cramer argued that despite valuation concerns from some Wall Street analysts, the current stock price is not too expensive for long-term investors who view SpaceX as a bet on decades of future space economy growth—including satellite communications, reusable rockets, and Mars colonization—rather than as a traditional stock seeking near-term returns.
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