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Jun 5, 2026 12:00 PM

Jim Cramer Says A $4 Trillion SpaceX Could Force Investors To Dump Nvidia, Apple And Microsoft

Jim Cramer thinks investors may be creating their own problem. In a post on X on Thursday, the CNBC host argued that excitement surrounding Elon Musk‘s SpaceX and growing speculation about its eventual inclusion in the S&P 500 could be fueling an unusual rotation out of some of the market’s biggest winners.

“We create our own bearish problems,” Cramer wrote. “We float S&P inclusion on top of what I most fear, which is a $4 trillion valuation for SpaceX.”

The remark comes as SpaceX dominates headlines ahead of its highly anticipated public debut, with investors increasingly trying to gauge what the company could be worth once it begins trading.

The Opportunity Cost Of SpaceX

Cramer’s concern isn’t that SpaceX lacks potential.

Instead, he suggested investors may be selling stocks such as Nvidia Corp (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ: