Jim Cramer on SpaceX IPO: Can't recall a deal done as well as this one

Summary

Jim Cramer delivers an exceptionally bullish take on the SpaceX IPO, calling it the best-dealt deal he can recall. He argues the offering was perfectly priced, that Elon Musk’s vision and competitive stance ensure US space dominance, and that SpaceX will be a massive long-term wealth builder. Co-host Kelly Evans adds that retail investors recognize short-term overvaluation but want long-term exposure, and she anticipates near-term volatility.

• Cramer rates the SpaceX IPO an A+ and says it is the best-executed deal he can recall.
• He believes buyers at the offer price have a great average and should consider buying more.
• Cramer sees SpaceX reaching a $2.5 trillion valuation, driven by Elon Musk’s vision and unannounced innovation.
• He argues Musk will prevent Chinese competition from dominating space, unlike what happened in robots and cars.
• Cramer compares Musk’s unrevealed ideas to Jensen Huang’s, which later proved highly valuable.
• Co-host Kelly Evans observes that retail investors think the stock is overvalued short-term but want a piece for the long run.
• Evans warns of significant near-term volatility and that it may take time to become a massive wealth builder.
• The overall segment is a strong endorsement of buying and holding SpaceX for the long term.