SpaceX wins bullish backing after IPO debut

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SpaceX IPO bullish backing

Highlights

SpaceX IPO debuts with strong backing due to multiple business lines, Starlink's 12 million subscribers, and major computing contracts with Google and Anthropic.
IPO's fixed-price structure by Goldman Sachs and Morgan Stanley limits flipping and post-listing weakness, with possible Nasdaq 100 inclusion seen as an additional catalyst.
Cramer identifies SpaceX as a template for technology listings, benefiting from improved U.S. market sentiment driven by lower oil prices and expectations of easing inflation.

IPO structure and growth case

As reported by CNBC, Cramer says he is fully backing SpaceX after its recent IPO debut, contrasting his enthusiasm with his earlier skepticism toward Tesla when that company went public. He argues that SpaceX enters the market with multiple business lines that give it what he describes as exceptional optionality for a newly listed company.

Cramer highlights Starlink as one of the clearest parts of the investment case, saying the service is faster and cheaper than incumbent cable and wireless offerings. He cites Starlink’s stated base of 12 million subscribers and argues the product could expand far further if the company can keep producing user terminals and adding satellite capacity.

He also points to SpaceX’s computing business, claiming large monthly contracts with Alphabet’s Google and Anthropic and describing those arrangements as highly profitable. Beyond connectivity and compute, he says the company’s satellite and launch operations remain central assets, while longer-term possibilities such as space-based data centers, expanded communications tools and acquisitions add to the upside in his view.

Market impact and investor implications

Cramer says the IPO’s fixed-price structure and allocation process helped limit flipping and avoided the post-listing weakness that followed some other high-profile offerings. He credits underwriters Goldman Sachs and Morgan Stanley with handling the transaction methodically, and says he does not think the stock’s upward move is finished, especially with possible inclusion in the Nasdaq 100 ahead.

In his assessment, SpaceX could become a template for future large technology listings by showing that a more controlled underwriting approach can produce broader gains for investors after trading begins. He also links the company’s prospects to wider themes in telecoms, artificial intelligence infrastructure, satellites and robotics, arguing that SpaceX now stands at the center of several markets rather than a single business niche.

Cramer adds that the broader U.S. market backdrop has improved over the past week, with lower oil prices and expectations for easing inflation potentially supporting equities. Against that setting, he presents SpaceX as one of the market’s most ambitious new public companies and says its debut has shifted attention toward how major future technology flotations may be priced and distributed.

Our earlier article on SpaceX options trading explained that contracts were set to launch soon after the company’s blockbuster IPO, giving investors new tools to hedge and speculate around sharp post-listing swings. We also noted expectations for elevated implied volatility and heavier trading activity around key catalysts such as the first quarterly report and potential early inclusion in major indexes.

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