Mad Money w/ Jim Cramer 6/16/26

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**Jim Cramer** (1:01)
My mission is simple.

**Jim Cramer** (1:03)
To make you money. I'm here to level the playing field for all investors.

**Brett** (1:08)
There's always a boom market somewhere, and I promise to help you find it. Mad Money starts now.

**Jim Cramer** (1:17)
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramerica.
Other people, my friends, I'm just trying to make you a little bit of money. My job is not just to entertain, but to do some teaching. So call me at 1-800-743-CNBC to meet Jim Cramer.
Beautiful stock prices are in the eye of the beholder. And to the holders of SpaceX, there's nothing more gorgeous than a price of $201.80, up $9.30 a day alone. That's where this stock went out on a bottle session and now gained 329 points, as it dropped.57% and the NASDAQ tumbled 1.15%, with a real assault on the semiconductors, which are perhaps a source of funds to build positions in SpaceX.
Now, we've watched the levitation of the stock that's fallen past some of the biggest stocks on Earth, like Meta or Amazon, and at one point today, SpaceX was on par with Microsoft at just under $3 trillion. They'll pull back after that to remain in fourth place.
Sure, the stock is called SpaceX, but it might as well be called Elon Musk. There's no way this company, which could see losses for many years, deserves such a high valuation on its own. It only gets there because it's run by Musk, who this weekend tweeted that the company might have $1 trillion in revenue by 2030 and more than $1 trillion by 2031 Now, if SpaceX really has that kind of long-term sales power, then it's a steal down here with a $2.6 trillion market cap. But sometimes Musk gets ahead of himself when he's talking about the distant future. His numbers are three times the estimate of Morgan Stanley, which did plenty of due diligence for the IPO. That kind of forecast is not made lightly. In the old days, by the way, before, say, Trump's second term, the SEC wouldn't let you get away with making such rosy projections right after the deal has been sealed. But these days, the regulators, I don't know, they don't seem to care.
So what does it mean that the stock of SpaceX keeps charging higher? It depends on how you look at it. Let me give you a bunch of perspectives that are floating around. Then I'm going to tell you where I come down. First and perhaps least important is the actual earning story. I arrived at by looking at profits of each of the parts of the company. Normally, it's a matter of above all else, but SpaceX is not a normal stock. So let's break it down for you. You got a communication system in Starlink that could have placed almost every internet service provider in the world. It offers a superior product for as little as a third of the price. So I don't see how Starlink can be stopped. Maybe Netflix makes a bundled deal with them that could add 320 million people to its current 10 million user count, which is actually closer to 18 million if you include more than 7 million Starlink mobile subscribers. Frankly, I think Starlink could end up with a billion subs just from people in rural areas with bad broadband connectivity. The whole world's going to change because of Starlink. Some people think it could be worth the entire value of the company, but that's now become a stretch with the stocks moved to the stratosphere.
It's got a rocket business, which just for scarcity value could be worth, well, I don't know, name or price because no one else has been able to reuse and relaunch rockets on a regular basis. It's got the old Twitter, which can be worth something if you put in the right management. Then SpaceX has its AI business. They have a gigantic amount of NVIDIA chips that are being rented by Anthropic and Google. Anthropic will spend at least 1.2 billion a month to rent Muscord. Google will pay 920 million per month, and that's just from this one company and Google makes its own chips. Also, this morning, SpaceX confirmed it would buy the popular AI coding platform, Cursor. For $60 billion in stock, as agreed upon earlier, you can use Cursor as your code writing partner. It's a heavy hitter. Then they have Grok. It's a competitor to ChatGPT, Jetman, iCloud. Until this moment, I thought that Grok also ran. I can't imagine it stays that way given how much money SpaceX has raised, given Starlink, given all these other things.