Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab

10. Space Exploration Technologies Corp. (NASDAQ:SPCX)

Space Exploration Technologies Corp. (NASDAQ:SPCX) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. The company was mentioned during the episode as Cramer said:

Is it too late to get into the stock of SpaceX? Depends. If you’re looking for short term gains, I suggest looking elsewhere. But if you’re willing to look at this as a different kind of stock, not a short, even medium term investment, but a long term call on space exploration, then you’ve got my blessing. When I was a kid, this would’ve been NASA, but now it’s all Musk. If you acknowledge that, it’s perfectly fine to decide you want to be in the stock… And if it comes down, I think you should buy more because the long-term upside is conceivably unfathomable…

The man’s a money maker. Now, for much of the day, I heard that SpaceX may be outrageously overvalued. Going by traditional metrics, I can’t argue with that. However, there are a ton of buyers, and while they can be wrong, I think they’ve considered the risks and recognize that there could be losses as far as the eye can see. I’m with them. I believe that eventually SpaceX will break out to the upside. I just have no idea when that will happen. In the interim, if the stock comes down, that’s an opportunity. By the way, I didn’t feel like this about Tesla until much later, when the coast was clear, and we caught 96% of the entire move up since I changed my mind and went positive.

Space Exploration Technologies Corp. (NASDAQ:SPCX) manufactures and launches reusable spacecraft for orbital payloads and government missions, and provides satellite-based broadband internet. Additionally, it operates an artificial intelligence platform comprising computational infrastructure, user applications, and the X information network.