Jim Cramer Says SPCX Could Come to Fruition Long Before Tesla After Goldman Sachs Raises Price Target: 'Real Company With Real Numbers'
Key takeaways
- Cramer’s praise and the GS price‑target hike signal growing institutional confidence in SpaceX’s diversified business model, potentially boosting SPCX’s valuation and investor interest.
- SPCX shares up 0.27% to $168.05
- Goldman Sachs price target raised to $230
- Morgan Stanley price target set at $300
What happened
Jim Cramer praised Space Exploration Technologies Corp. (SPCX) on CNBC’s "Mad Money," highlighting Musk’s strategy of renting out excess AI compute using NVIDIA chips and deals with Anthropic and Alphabet (GOOGL/GOOG).
Why it matters
Cramer’s endorsement signals growing confidence in SpaceX’s diversified revenue streams beyond launch services, especially its AI compute rentals. The price‑target bump from GS and the upbeat stance from Morgan Stanley suggest institutional validation, which could lift investor sentiment and SPCX’s valuation.…
Short-term and longer-term
Short-term. Cramer’s endorsement and the GS price‑target bump could trigger short‑term buying pressure on SPCX.
Longer-term. For longer‑term investors, SpaceX’s expansion into AI compute and potential partnership with NVIDIA introduces a new revenue stream that could accelerate profitability.