Jim Cramer acknowledged it is time to discuss Space Exploration Technologies Corp after its latest Starship test flight. The stock, which trades under the ticker SPCX, has seen its market capitalization fall from $2.5 trillion at its June IPO to $1.48 trillion. Cramer noted that some are defending the stock following the successful launch and raised the possibility that the company could buy Tesla. The debate over the firm's valuation continues, with bears concerned about the upcoming August 6 expiration of an insider lockup that will unlock one billion shares, while bull Cathie Wood of Ark Invest recently bought $21.3 million worth of shares and called the Starship flight a game-changer.
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