SpaceX fell 13.6% after its first earnings report since the June IPO. Revenue topped expectations but capex surprised to the high side. Jim Cramer urged a multi-decade view.
Alpha Score of 72 reflects strong overall profile with moderate momentum, moderate value, strong quality, strong sentiment.
Shares of SpaceX fell 13.6% on Wednesday as Wall Street processed the rocket-and-AI company's first earnings report since its June IPO. Revenue beat expectations, but the company disclosed sharply higher capital expenditures.
CNBC's Jim Cramer told investors not to focus on the quarterly numbers. "SpaceX could be a 100-year piece of paper," the "Mad Money" host said. He argued the stock should be viewed like century-long railroad investments that eventually rewarded patient holders. "Maybe you put some away for the next generation or even the one after that."
Cramer acknowledged the stock could face more near-term pressure. Roughly 911 million previously locked-up shares become eligible for trading Thursday.
Still, he said long-term value depends on Elon Musk's ability to keep building businesses others dismissed as unrealistic. "I would never recommend SpaceX if Musk weren't involved," Cramer said. "I'm confident that Musk can raise all of the money he needs."
Cramer pointed to Starship, Starlink's expanding satellite internet business, and SpaceX's growing compute footprint as long-term growth drivers. The company has compute-rental agreements with Claude creator Anthropic and Alphabet's Google.
"One day this stock could be a huge winner," he said. "I just don't know when that day will come."
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.