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- October 22, 202611°
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- October 22, 202611°
Jim Cramer Advocates Long-Term Investment Opportunity in SpaceX
Jim Cramer said investors focusing on short- and mid-term views of SpaceX stock may have missed out, but the opportunity remains for those who believe in the long-term space exploration story. Cramer also noted that pullbacks could be seen as buying opportunities.
Jim Cramer told investors that they may not be too late if they take a long-term view on SpaceX stock. He described this investment not as a typical stock purchase but as a forward-looking, different kind of bet.
The Mad Money host emphasized that this approach is not suitable for those expecting short- or mid-term gains. However, he said those who see space exploration as a long-term investment theme can still find opportunities.
Cramer also stated that pullbacks should not be seen as reasons to sell but rather as chances to buy again. According to him, the potential for SpaceX to offer greater opportunities than its current outlook is the main factor driving demand.
Cramer further praised Goldman Sachs and Morgan Stanley for managing the IPO process in a balanced way. He noted that the two banks struck a balance between institutional and individual demand without causing an excessive first-day surge, commending this approach.
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