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CNBC
Jim Cramer says it's not too late to buy SpaceX — under one condition
Jim Cramer, on CNBC's 'Mad Money', declares that investors can still profit from SpaceX stock if they commit to a long-term perspective. Noting its impressive debut on the Nasdaq with a market cap of $2.1 trillion, he stresses that buyers should consider the future potential over immediate financial performance. Cramer acknowledges the current losses but suggests that investors are betting on Elon Musk's ambitious vision and future projects in space exploration. He believes shareholders should view any price dips as opportunities to invest further.
MonitorConfidence: MediumLong term horizon
Published 12 Jun 2026, 23:55 UTC2 min read
Visit original article ↗Lead image — CNBC
Summary
TL;DR
- SpaceX debuted on Nasdaq with a share price opening at $150.
- The stock surged to $176, closing with a market cap of $2.1 trillion.
- Cramer endorses long-term investment over short-term gains.
- Skeptics express concerns about SpaceX's valuation and current financials.
- Cramer praises the IPO handling by Goldman Sachs and Morgan Stanley.
Interesting facts
- SpaceX's long-term potential is a driving factor for investor confidence.
- Cramer discusses the willingness of investors to accept short-term losses.
- Pullbacks in stock price should be seen as buying opportunities.