<p>Investor <strong>Ross Gerber</strong> said Tuesday that market chatter has shifted away from Tesla Inc. (NASDAQ:TSLA) and toward SpaceX (NASDAQ:SPCX), arguing that <strong>Elon Musk's</strong> newly public space company now offers investors the more compelling story.</p>



<h2>Gerber Says SpaceX Owns Musk Narrative</h2>



<p>&#34;No one wants to talk about Tesla anymore. Just SpaceX SpaceX. Why blame them, it is a more exciting story…&#34; Gerber wrote on X.</p>



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<blockquote><p lang="en" dir="ltr">No one wants to talk about tesla anymore.  Just SpaceX SpaceX. Why blame them, it is a more exciting story… $SPCX $TSLA</p>— Ross Gerber (@GerberKawasaki) June 16, 2026</blockquote>
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<p>The Gerber Kawasaki investor made a sharper version of that argument Monday in a Bloomberg interview, saying Tesla is &#34;worthless&#34; without a merger with SpaceX. In April, he suggested such a transaction would likely look less like a merger of equals and more like SpaceX absorbing Tesla into a broader Musk-controlled structure.</p>



<figure class="wp-block-table"><table><tbody><tr><th>Metric Since SpaceX IPO</th><th>TSLA</th><th>SPCX</th></tr><tr><td>Latest price</td><td>$404.66</td><td>$201.80</td></tr><tr><td>Price change since June 12</td><td>-0.44% from June 12 close</td><td>+49.48% from $135 IPO price</td></tr><tr><td>Trading volume since June 12</td><td>About 149.5 million shares</td><td>About 1.10 billion shares</td></tr><tr><td>P/E ratio</td><td>371.25</td><td>Not meaningful, no positive TTM P/E listed</td></tr></tbody></table><figcaption><em>Data: Benzinga Pro</em></figcaption></figure>



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<h2>Tesla SpaceX Merger Chatter Remains Mostly Speculative</h2>



<p>A Tesla-SpaceX combination remains speculative. But several Musk watchers have argued the companies could move closer together. Wedbush analyst <strong>Dan Ives</strong> last month put the odds of a tie-up at roughly 80%, saying Musk's businesses already share connective tissue across artificial intelligence, robotics, chips, energy and data infrastructure.</p>



<p>The SpaceX frenzy has also drawn warnings. CNBC's <strong>Jim Cramer</strong> said Tuesday that SpaceX is trading like a &#34;meme stock,&#34; a term for shares that surge on retail investor enthusiasm and social media hype, as <strong>GameStop Corp.</strong> (NYSE:GME) famously did.</p>



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<blockquote><p lang="en" dir="ltr">Maybe it's okay to you, but I would hate to see a meme stock–what SpaceX stock has become–walked to the size of Nvidia over a series overnight moves with no sellers. But that seems to be the goal. Maybe early release of those who want to go?? I am uncomfortable watching a stock…</p>— Jim Cramer (@jimcramer) June 16, 2026</blockquote>
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<p>Cramer said on X that he would &#34;hate to see a meme stock—what SpaceX stock has become—walked to the size of <strong>NVIDIA Corp.</strong> (NASDAQ:NVDA) over a series of overnight moves with no sellers.&#34;</p>



<h2>Meme Stock Warnings Follow Record IPO</h2>



<p><strong>Anthony Pompliano</strong> took the opposite view, calling SpaceX &#34;the first mega meme stock.&#34; He argued Musk could use the attention and capital to pursue projects such as Mars settlement, satellite internet and broader access to intelligence.</p>



<p>Pompliano also said Sunday that Musk should merge Tesla and SpaceX, giving public investors one vehicle to back what he called &#34;this generation's greatest entrepreneur.&#34;</p>



<p>SpaceX went public last Friday after raising $75 billion in the largest IPO on record. The stock opened at $150 and reached $176.52 on its first day of trading.</p>



<p><strong>Price Action:</strong> Tesla shares closed 1.58% lower on Tuesday at $404.66, falling another 0.45% to $402.85 in after-hours trading. Meanwhile, SpaceX shares climbed 4.83% higher on Tuesday to $201.80, climbing by another 2.06% to $205.95 in after-hours trading.</p>



<p><strong>Benzinga Edge Stock Rankings</strong> show SPCX stock has a positive price trend across the short, medium and long-term.</p>



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Elon Musk's SpaceX Dominates Retail Trading, But Analyst Sees Echoes Of The Meme Stock Era
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<p><em>Photo courtesy: katz / Shutterstock.com</em></p>

TSLA

SPCX

<p>Investor Ross Gerber claims market attention has shifted from Tesla to SpaceX, calling the latter a more compelling story. Conversely, Jim Cramer warns that SpaceX is trading like a 'meme stock' due to retail hype. Despite warnings, SpaceX shares rose nearly 5% following its record $75 billion IPO, while Tesla declined slightly. Speculation continues regarding a potential merger between the two Musk-controlled companies.</p>

- Investor Ross Gerber argues that interest has shifted from Tesla to SpaceX, claiming SpaceX offers a more compelling narrative at present.  
- He suggested in a Bloomberg interview that Tesla's value may diminish without a merger with SpaceX, which could integrate both companies under Musk's control.  
- Despite speculation around this merger, analysts have voiced concerns about SpaceX's stock behaving like a "meme stock," drawing both enthusiasm and caution from investors.

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Jim Cramer Has Meme Stock Worries About SpaceX, While Ross Gerber Says 'No One' Is Talking About Tesla Anymore