CNBC’s Jim Cramer urged investors to adopt a multi-generational mindset when considering SpaceX, even as shares of Elon Musk’s rocket and artificial intelligence company tumbled Wednesday following its first earnings report as a public company.
“SpaceX could be a 100-year piece of paper,” Cramer said on “Mad Money,” drawing a parallel to century-long railroad bonds that ultimately rewarded patient investors. “Maybe you put some away for the next generation or even the one after that.”
The comments came as SpaceX shares dropped 13.6% Wednesday, pressured by investor concerns over capital expenditure levels disclosed in the company’s quarterly results. While revenue exceeded Wall Street expectations, the report revealed sharply higher spending on infrastructure and development projects.
Lock-Up Expiration Looms
Cramer acknowledged the stock could face additional near-term headwinds, with roughly 911 million previously restricted shares becoming eligible for sale Thursday. Such lock-up expirations typically create selling pressure as early investors and employees gain the ability to cash out holdings.
Despite these short-term challenges, Cramer argued that investors fixated on quarterly performance are overlooking SpaceX’s fundamental value proposition. He framed the investment case around Musk’s track record of building transformative companies rather than near-term financial metrics.
“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.”
Long-Term Growth Drivers
Cramer highlighted several areas he believes will drive SpaceX’s value over the coming years and decades. He pointed to Starship, Musk’s fully reusable rocket program, as a key long-term initiative. The Starlink satellite internet business represents another growth avenue as the company expands its global coverage and subscriber base.
According to CNBC, Cramer also cited SpaceX’s growing compute infrastructure as a potential revenue stream. The company currently maintains compute-rental agreements with Anthropic, the artificial intelligence company behind Claude, and Google, a division of Alphabet. SpaceX could eventually expand this business by renting capacity to additional outside customers or using the infrastructure for internal projects.
While Cramer acknowledged these initiatives may require years or even decades to reach their full potential, he said that timeline is precisely why SpaceX deserves different evaluation criteria than a typical publicly traded company.
The “Mad Money” host emphasized that SpaceX’s capital-intensive business model aligns with Musk’s history of funding ambitious projects that initially drew skepticism. Cramer suggested Musk’s ability to secure financing for ventures many dismissed as unrealistic provides confidence the company can fund its long-term vision.
“One day this stock could be a huge winner,” Cramer said. “I just don’t know when that day will come.”
SpaceX completed its initial public offering in June, marking a significant shift for a company that remained private for more than two decades while building a dominant position in commercial spaceflight and satellite deployment.
Source: www.cnbc.com — https://www.cnbc.com/2026/08/05/jim-cramer-investors-should-consider-buying-spacex-kids.html
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