SpaceX's historic first day of trading wasn't just a spectacle for rocket enthusiasts. According to CNBC's Jim Cramer, it could be the spark that lights a fire under a whole new wave of AI-related stock offerings.
Elon Musk's aerospace company ended its first session at $160.95 per share, giving it a valuation of roughly $2.1 trillion. That immediately put it in the same conversation as the world's largest public companies. The debut also drew massive retail interest, with Robinhood (HOOD) reporting record-breaking platform traffic and brief service disruptions.
AI Offering Window Could Swing Open
Cramer argued that the landmark listing may prompt Anthropic, the developer of the Claude AI model, to speed up its timeline. Anthropic filed confidentially for an IPO earlier this month.
He further suggested that Microsoft (MSFT), Meta (META), and Amazon (AMZN) could use the favorable market conditions to sell stock and fund their AI buildouts, similar to what Alphabet (GOOGL) is already doing. The logic is simple: when the market is hungry for new shares, especially in high-growth sectors like AI, companies can raise capital more efficiently.
Loaded Calendar Ahead
The 'Mad Money' host also noted that a Middle East peace deal could push oil prices lower, easing inflation and strengthening the case for rate cuts. That's a double win for stocks: lower energy costs and potentially looser monetary policy.
The comments come before a busy market week. Next week, Fed Chair Kevin Warsh will address rate cuts, while Kroger (KR) and Accenture (ACN) are expected to report earnings. Thursday also marks the final trading session before a Nasdaq-100 rebalance that will add Rocket Lab (RKLB), CoreWeave (CRWV), Teradyne (TER), Nebius (NBIS), and Astera Labs (ALAB).
So buckle up. Between SpaceX's gravitational pull, AI equity offerings, and a packed economic calendar, the week ahead looks anything but quiet.
