Jim Cramer fears SpaceX's IPO could be 'destructive' for the rest of market

CNBC's Jim Cramer said Friday he is growing increasingly concerned about signs of speculative excess in the IPO market. The " Mad Money " host warned he didn't want to "end up with another Cerebras," arguing that the highly anticipated debut of Elon Musk's SpaceX could fuel another wave of speculative buying. SpaceX is expected to go public in June and could release its prospectus as soon as next week , CNBC reported Thursday. …