Cramer Backs SpaceX Buyers Willing to Wait Years

SpaceX opened at $150 a share on the Nasdaq Friday and climbed to $176 by the close, giving Elon Musk’s rocket company a $2.1 trillion market cap on day one. Jim Cramer told CNBC that investors who missed the debut can still get in. His condition: treat the stock as a bet on the next decade, not a near-term trade.

“Is it too late to get into SpaceX?” Cramer said. “If you’re willing to look at this as a different kind of stock, not a short or even medium term investment, then you’ve got my blessing.” He argued that buyers are paying for Musk’s long-term vision, not the company’s current financial results. “I think they’ve considered the risk and recognized that there could be losses as far as the eye can see,” he said.

The rally reignited questions about valuation. Cramer framed the trade as one investors make with a multi-year horizon. Pullbacks should be seen as chances to add exposure, not reasons to sell. “If it comes down, then you should buy more because the upside is conceivably unfathomable,” he said.

Goldman Sachs and Morgan Stanley’s IPO Execution

The offering was led by Goldman Sachs and Morgan Stanley. Cramer praised both banks for balancing institutional and retail demand. The stock opened at a reasonable price, avoiding both excessive flipping and panic, he said. “That’s amazing.”

Goldman Sachs carries an Alpha Score of 61 out of 100, a Moderate rating. Morgan Stanley sits at 63, also Moderate. Both banks have equity capital markets franchises that stand to benefit from a steady IPO pipeline. SpaceX’s smooth debut reinforces their underwriting reputation. Cramer’s charitable trust owns shares of Goldman Sachs, according to his disclosure on the show.

For the broader space sector, the IPO’s success may lift sentiment around other private space ventures. Publicly traded defense and satellite stocks trade on different fundamentals. The scale of SpaceX’s valuation highlights the premium buyers assign to first-mover space infrastructure.