Jim Cramer says SpaceX can’t sustain ‘meme stock’ run as rally stalls: ‘Too many sellers’

Jim Cramer wrote on social media that SpaceX could not maintain its “meme stock” status, saying the recent rise was hard to extend. He said trading has turned into a two-way market with buyers and sellers more evenly matched. Cramer added that there are “too many sellers” for meme-driven momentum to keep pushing the stock higher. SpaceX shares in after-hours trading edged up 1.75% to $195.17, though the focus remains on fading short-term momentum.