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SpaceX stock falls 19% post-IPO despite Jim Cramer's rapid rally prediction.

Market News
23 Jun 2026
Finbold
View Source
Bearish
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SpaceX shares dropped 19% since their IPO, contradicting Jim Cramer's June 17 prediction of a rapid 1 point per hour rise. Although Cramer initially suggested a quick rally, he later expressed skepticism and referred to SpaceX as a 'meme stock.' The IPO featured a low float and soft lockups, limiting early selling and inflating initial prices. The stock is expected to rise through summer 2026 due to index fund buying but true price discovery may only occur late 2026 or early 2027 when more shares become available.

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