Jim Cramer Has Meme Stock Worries About SpaceX, While Ross Gerber Says 'No One' Is Talking About Tesla Anymore

Investor Ross Gerber said Tuesday that market chatter has shifted away from Tesla Inc. (NASDAQ:TSLA) and toward SpaceX (NASDAQ:SPCX), arguing that Elon Musk's newly public space company now offers investors the more compelling story.

Gerber Says SpaceX Owns Musk Narrative

"No one wants to talk about Tesla anymore. Just SpaceX SpaceX. Why blame them, it is a more exciting story…" Gerber wrote on X.

No one wants to talk about tesla anymore. Just SpaceX SpaceX. Why blame them, it is a more exciting story… $SPCX $TSLA

— Ross Gerber (@GerberKawasaki) June 16, 2026

The Gerber Kawasaki investor made a sharper version of that argument Monday in a Bloomberg interview, saying Tesla is "worthless" without a merger with SpaceX. In April, he suggested such a transaction would likely look less like a merger of equals and more like SpaceX absorbing Tesla into a broader Musk-controlled structure.

Metric Since SpaceX IPO	TSLA	SPCX
Latest price	$404.66	$201.80
Price change since June 12	-0.44% from June 12 close	+49.48% from $135 IPO price
Trading volume since June 12	About 149.5 million shares	About 1.10 billion shares
P/E ratio	371.25	Not meaningful, no positive TTM P/E listed

Tesla SpaceX Merger Chatter Remains Mostly Speculative

A Tesla-SpaceX combination remains speculative. But several Musk watchers have argued the companies could move closer together. Wedbush analyst Dan Ives last month put the odds of a tie-up at roughly 80%, saying Musk's businesses already share connective tissue across artificial intelligence, robotics, chips, energy and data infrastructure.

The SpaceX frenzy has also drawn warnings. CNBC's Jim Cramer said Tuesday that SpaceX is trading like a "meme stock," a term for shares that surge on retail investor enthusiasm and social media hype, as GameStop Corp. (NYSE:GME) famously did.

Maybe it's okay to you, but I would hate to see a meme stock–what SpaceX stock has become–walked to the size of Nvidia over a series overnight moves with no sellers. But that seems to be the goal. Maybe early release of those who want to go?? I am uncomfortable watching a stock…

— Jim Cramer (@jimcramer) June 16, 2026

Cramer said on X that he would "hate to see a meme stock—what SpaceX stock has become—walked to the size of NVIDIA Corp. (NASDAQ:NVDA) over a series of overnight moves with no sellers."

Meme Stock Warnings Follow Record IPO

Anthony Pompliano took the opposite view, calling SpaceX "the first mega meme stock." He argued Musk could use the attention and capital to pursue projects such as Mars settlement, satellite internet and broader access to intelligence.

Pompliano also said Sunday that Musk should merge Tesla and SpaceX, giving public investors one vehicle to back what he called "this generation's greatest entrepreneur."

SpaceX went public last Friday after raising $75 billion in the largest IPO on record. The stock opened at $150 and reached $176.52 on its first day of trading.

Price Action: Tesla shares closed 1.58% lower on Tuesday at $404.66, falling another 0.45% to $402.85 in after-hours trading. Meanwhile, SpaceX shares climbed 4.83% higher on Tuesday to $201.80, climbing by another 2.06% to $205.95 in after-hours trading.

Benzinga Edge Stock Rankings show SPCX stock has a positive price trend across the short, medium and long-term.

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