In this article, we will look at the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. The host of CNBC’s Mad Money said Tuesday that skeptics will always question SpaceX and its valuation, but he does not believe that skepticism will prevent the stock from moving higher because there are “multiple reasons why people love it.”
Beautiful stock prices are in the eye of the beholder. And to the holders of SpaceX, there’s nothing more gorgeous than a price of $201.80, up $9.30 today alone. That’s where this stock went out… Sure, the stock is called SpaceX, but it might as well be called Elon Musk. There’s no way this company, which could see losses for many years, deserves such a high valuation on its own. It only gets there because it’s run by Musk, who this weekend, tweeted that the company might have $1 trillion in revenue by 2030 and more than $1 trillion by 2031.
READ ALSO Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab and 6 Stocks on Jim Cramer’s Radar and His Caution Regarding SpaceX IPO
Cramer said that if SpaceX truly has that level of long-term revenue potential, then the stock would be a bargain even with a market capitalization of $2.6 trillion. However, he pointed out that Musk has occasionally been overly optimistic when discussing the distant future. He noted that Musk’s projections are roughly three times higher than Morgan Stanley’s estimates, which were based on extensive due diligence for the IPO. He added that forecasts of that nature are not made casually.
The bottom line: There have been doubters the whole way, and the stock’s already surged from $135 to $201.80 in a matter of days. While you’re sitting here trying to justify SpaceX’s valuation, the buyers are relentlessly pushing it up right in your face, and I bet they keep going.
Our Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 16. We listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Jim Cramer Commented on 13 Stocks Like Meta and Yum! Brands
13. Ashland Inc. (NYSE:ASH)
Ashland Inc. (NYSE:ASH) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. Toward the end of the lightning round, a caller inquired about the stock, and Cramer replied:
You got an outfit called Ancora in there, and they’re going to try to bring out some value. Frankly, there is a lot more value to it than where it is selling. I urge you to hold on to the stock. I think it could go higher.
Ashland Inc. (NYSE:ASH) manufactures specialty chemical additives and performance ingredients used across commercial markets, including food, construction, and pharmaceuticals. American Century Investments Small Cap Value Fund stated the following regarding Ashland Inc. (NYSE:ASH) in its third quarter 2025 investor letter:
Ashland Inc. (NYSE:ASH). We opened a position in this global specialty chemical company, which has shifted its focus to serving the consumer and pharmaceutical end markets. Despite what we believe is a high-quality portfolio, the stock is trading at a steep discount to historical valuations.
12. Trulieve Cannabis Corp. (NYSE:TRLV)
Trulieve Cannabis Corp. (NYSE:TRLV) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. A caller asked for Cramer’s opinion of the company, and in response, he said:
Okay, I’ve always liked the brand name. I’ve always felt that it’s considered to be in a, you know, kind of in a miasma of different companies that do it, it’s the only one that stands out. I think that means a lot to people. I think it’s a terrific spec, a terrific… I think the President’s team is not anti-cannabis. So I’m going to say I like the call. I like it a lot.
Trulieve Cannabis Corp. (NYSE:TRLV) grows, processes, and retails cannabis products, and distributes items such as flowers, concentrates, and edibles through home delivery and dedicated dispensaries.
Hedge Fund Resource Center