SpaceX wildcard will be people who've never bought stocks before: Cramer
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer breaks down the upcoming SpaceX IPO, warning that a flood of retail buying by first-time investors could cause a blow-off top and subsequent crash. He also responds to a caller pitch on Krispy Kreme (DNUT), endorsing the view that the stock is undervalued due to insider buying but refusing to speculate on a Berkshire Hathaway takeover.
- SpaceX IPO allocation dynamics described: tight deal with heavy institutional and retail participation.
- Unsophisticated retail buyers using market orders could drive an unsustainable opening spike.
- Forced index inclusion (NASDAQ 100) could add further upward pressure, increasing blow-off risk.
- Cramer recalls TheStreet.com IPO as a cautionary example of an uncontrolled opening leading to a long decline.
- He advises staying cautious if SpaceX stock blows past its opening price.
- A caller highlights insider buying and undervaluation in Krispy Kreme (DNUT).
- Cramer agrees DNUT seems worth more than its trading price but will not endorse buyout speculation.
Ideas
Krispy Kreme DNUT undervalued, insider buying
Krispy Kreme (DNUT) has significant insider buying including a director purchasing 1.5 million shares, and the stock appears undervalued relative to its worth; Cramer believes 'they're on to something' and it shouldn't be trading that low.
Caution on SpaceX IPO after opening pop
SpaceX IPO is heavily allocated to institutions and retail, but a wildcard of unsophisticated first-time investors using market orders could drive the stock to unsustainable levels, potentially causing a blow‑off top and long descent similar to Figma, Cerebras, and his own TheStreet.com IPO; forced index buying could push it even higher, so investors should stay cautious if the stock blows past its opening price.
Up Next
This CNBC video, published June 12, 2026, features Jim Cramer discussing DNUT, SPCX. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jim Cramer · Tickers: DNUT, SPCX