TV host Jim Cramer on Wednesday said that Elon Musk-led Space Exploration Technologies Corp.
(NASDAQ:SPCX) could not sustain its "meme stock" status following its decline.
SpaceX's Meme Stock Status Could Not Be Sustained In a post on X, Cramer expressed his views on SpaceX's decline following days of sizeable gains in value.
"SpaceX could not maintain its meme status," the TV host said.
He added that the stock was unable to "sustain the walk up." Read Also: Elon Musk Nears 20% Voting Power In Tesla After Exercising Stock Options SpaceX could not maintain its meme status.
