SpaceX IPO Expected Valuation Between $1.75T and $2T

SpaceX, expected to go public in June, could be valued between $1.75 trillion and $2 trillion according to various media reports. Jim Cramer expressed concerns that the IPO could lead to speculative buying in the market, similar to the recent debut of Cerebras Systems. Cramer highlighted that if the offering is limited in shares, SpaceX's valuation could potentially escalate to $5 trillion. This situation may set a precedent for other AI companies planning IPOs, potentially impacting existing market dynamics as investors adjust their portfolios. The overall market effect will depend largely on how underwriters manage the offering.