What Happened
SpaceX Stock Could Be A Drain For Investors
Jim Cramer, host of ‘Mad Money,’ has expressed concerns about SpaceX’s financial situation, warning that the company’s stock could be a drain for investors. SpaceX is planning to price its initial public offering (IPO) at $135 per share, with 555.6 million shares on offer. Cramer’s comments come as tech companies are racing to raise funds, and his warning may have implications for investors considering the SpaceX IPO. This development was reported by CNBC.