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Squawk on the Street

CNBC Investing Club: Cramer’s Morning Take on SpaceX 6/11/26

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 11 June 2026

⏱️ 4 minutes

🧾️ Download transcript

Summary

Cramer says this company’s IPO will determine market action for the next month. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

Jim Kramer here to share a short preview of my take on the market from today's

0:06.5

members-only CNBC Investing Club Morning Meeting.

0:09.5

Join the club for full access to the morning meeting every day at 1020 a.m.

0:14.7

Visit CNBC.com slash morning take to sign up today.

0:19.4

That's one word, morning take. There are two markets here.

0:24.4

One about how much SpaceX are institutions and individuals going to get, and whether it's too

0:30.2

much or too little. And then there's markets that's dependent on the PPI being looking like the

0:36.1

headline, not that good, but I believe underneath,

0:39.1

not bad at all.

0:40.4

And the Trump endless truth social, what I'm going to do with Iran, erratic posts, along with

0:47.5

erratic posts from Iran, I don't know which market is real.

0:51.6

Maybe both are.

0:53.2

Well, it's really interesting.

0:54.0

So yesterday the president said he planned on the U.S. is going to attack Iran.

0:59.0

And then this morning he said he's, quote, very hard.

1:02.0

They're going to hit Iran tonight and wants to take Korg Island and other infrastructure

1:06.0

points, kind of like what he did in Venezuela.

1:09.0

Interestingly though, oil actually down slightly, not a little surprising

1:14.4

there. You mentioned SpaceX starting to see some analyst coverage, New Street Research,

1:19.4

165 price target. Oppenheimer, a $190 price target. So that's a big event on our radar

1:27.4

tomorrow, raising cash just in case something

1:31.0

goes awry and it takes the market down. Right. I mean, it's more of a security blanket than

...

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