economy
Jim Cramer gives Elon Musk's SpaceX a ringing endorsement after Friday's historic debut
I view SpaceX as a company with some of the greatest optionality of any newly public entity.
TL;DR
- The author, Jim Cramer, previously advised selling Tesla stock but is now "all in" on SpaceX.
- SpaceX is seen as more than just a satellite company; it has "greatest optionality" across its divisions.
- Starlink is praised for its superior product and lower price compared to traditional cable and wireless services.
- SpaceX has secured highly profitable contracts for compute power with companies like Alphabet (Google) and Anthropic.
- The company's IPO was methodically and superbly handled, keeping "flippers" at bay and making "almost everyone a winner."
- SpaceX's satellite business is improving, with potential for significant growth in related commerce.
- The author speculates that Musk might use SpaceX's success to acquire Tesla, creating a 21st-century conglomerate.
- SpaceX's IPO is considered the most ambitious and will serve as a template for future deals.
- The current market environment, including a potential peace deal between the U.S. and Iran, could lead to lower oil prices and a strong summer rally for stocks.