GoKawiilCNBC's Jim Cramer on Friday said SpaceX's blockbuster debut could pave the way for a new wave of AI-related equity offerings and help create a more constructive backdrop for stocks.
"Never has one initial public offering captivated the minds of Wall Street and perhaps Main Street as much as Elon Musk's SpaceX," the "Mad Money" host said.
Elon Musk's rocket company debuted Friday and finished the session at $161 per share, giving SpaceX a market value of roughly $2.1 trillion. Cramer said the success of the offering could encourage other companies to tap the market soon, particularly AI players such as Anthropic. The startup behind the Claude models confidentially filed for an IPO earlier this month. Additionally, he said companies including Microsoft , Meta and Amazon may decide it's a good time to sell stock to help fund their AI buildouts — similar to what Google parent Alphabet is doing.
"Bankers work fast these days," Cramer said, explaining the idea would be to "strike while the iron is hot."
"I don't know if they can resist selling stock after seeing how SpaceX played out," he added.
Cramer also said investors should keep a close eye on developments in the Middle East. While he remains skeptical that peace is fully at hand, a lasting resolution could send oil prices lower and help ease inflation pressures.
"If we get peace, the first thing you have to realize is the process toward lowering inflation will begin with a collapse in the price of oil," he said.
Cramer said he initially worried the SpaceX offering could overwhelm the market, but now believes its successful debut could help support sentiment and set the stage for a constructive week ahead.
"The success of today's placement of SpaceX is something to be studied for years," he said. "It's a win for the market, and if we get peace, it won't be stopped."
With that backdrop, Cramer turned to the shortened trading week ahead.