economy
Jim Cramer says it's not too late to buy SpaceX
CNBC's Jim Cramer said it's not too late to buy SpaceX if investors view the company as a long-term bet on space exploration.
TL;DR
- Jim Cramer suggests it's not too late to invest in SpaceX for those willing to take a long-term approach.
- Investors are focused on SpaceX's future potential and Elon Musk's vision, not just current earnings.
- Cramer advises buying more of the stock on pullbacks due to its potentially vast upside.
- He praised the IPO handling by Goldman Sachs and Morgan Stanley for balancing demand and avoiding chaos.
- SpaceX debuted on Nasdaq, closing with a market cap of $2.1 trillion.