CNBC’s Jim Cramer said Wednesday investors looking at Elon Musk’s SpaceX should stop thinking in quarters and start thinking in decades.
“SpaceX could be a 100-year piece of paper,” the “Mad Money” host said, arguing that SpaceX should be viewed much like the century-long railroad bonds that ultimately rewarded patient investors. “Maybe you put some away for the next generation or even the one after that.”
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Cramer acknowledged the stock could face additional near-term pressure with roughly 911 million previously locked-up shares becoming eligible for trading Thursday.
Could be! Or not!
“One day this stock could be a huge winner,” he said. “I just don’t know when that day will come.”
Happy share unlocking (first round) day!