CNBC’s Jim Cramer warned Friday that SpaceX‘s (NASDAQ:SPCX) historic market debut could accelerate a fresh wave of AI equity offerings, potentially setting a constructive tone for stocks in the week ahead.
Elon Musk's aerospace company ended its first trading session at $160.95 per share, giving it a valuation of roughly $2.1 trillion. The figure immediately prompted comparisons with the world's largest public companies. The debut also drew massive retail interest, with Robinhood (NASDAQ:HOOD) reporting record-breaking platform traffic and brief service disruptions.
AI Offering Window Could Swing Open
Cramer argued the landmark listing may prompt Anthropic, the developer of the Claude AI model, which filed confidentially for an initial public offering earlier this month, to speed up its timeline.
He further suggested Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META) and Amazon (NASDAQ:AMZN) could use the favorable market conditions to sell stock and fund their AI buildouts, similar to what Alphabet (NASDAQ:GOOGL) is already doing.
Loaded Calendar Ahead
‘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.
The comments come before a busy market week. Next week, Fed Chair Kevin Warsh will address rate cuts, while Kroger (NASDAQ:KR) and Accenture (NYSE:ACN) are expected to report earnings. Thursday also marks the final trading session before a Nasdaq-100 rebalance adding Rocket Lab (NASDAQ:RKLB), CoreWeave (NASDAQ:CRWV), Teradyne (NASDAQ:TER), Nebius (NASDAQ:NBIS) and Astera Labs (NASDAQ:ALAB).
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