Jim Cramer · SpaceX · Elon Musk · CNBC Technology
Jim Cramer confirms one of SpaceX's biggest risks is this group of investors
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CNBC's Jim Cramer said Wednesday that one of the biggest risks facing the upcoming SpaceX IPO isn't a lack of demand, it's the possibility that too many investors are looking for a quick profit.
Key facts
- If you're in for 100 shares and you only get 25 shares, you know you're in good shape," he said
- CNBC's Jim Cramer said Wednesday that one of the biggest risks facing the upcoming SpaceX IPO isn't a lack of demand, it's the possibility that too many investors are looking for a quick profit — They may not even be there for the afternoon," the " Mad Money " host said
- His concern is that some investors are treating the IPO as a short-term trade rather than a long-term investment
Summary
"The speculators aren't there for the long haul. Elon Musk's rocket company is reportedly four times oversubscribed, meaning demand from investors is roughly four times greater than the number of shares available in the offering. His concern is that some investors are treating the IPO as a short-term trade rather than a long-term investment. "These people could hurt you," Cramer said.