SpaceX’s Falcon-class rockets currently deliver about 2,500 tons to orbit each year, accounting for 80%–90% of Earth’s total payload volume and underscoring its dominant launch capacity.

Long-term growth avenues include Starship, Starlink, and SpaceX’s expanding AI compute business, with compute-rental arrangements already in place with Anthropic and Google.

Cramer argues the company’s ambitions will require substantial capital and may take years or even decades to realize, but the future payoff could be a significant winner if the trajectory proves out.

Near-term risk centers on roughly 911 million shares that were previously locked up and could become eligible for trading, potentially adding selling pressure.

Cramer urges investors to view SpaceX as a multigenerational holding, comparable to a 100-year railroad bond, focusing on decades-long upside rather than quarterly earnings.

SpaceX is viewed as a long-horizon investment with a positive stance due to Elon Musk’s track record of delivering capital-intensive projects and his proven ability to raise the funds needed to scale.

The long-term viability of SpaceX hinges on Musk’s fundraising capability, with expectations he could secure hundreds of billions as the company moves toward profitability and scale.

Starship is positioned as a fully reusable system, while Starlink continues to grow, and SpaceX’s compute footprint could be used internally or rented out, reinforcing a diversified future revenue model.

In the near term, Starlink is the commercial engine funding future SpaceX initiatives, with 167 markets and 1.7 million subscribers in a single quarter, and the company anticipates further market-share gains from legacy telecoms.

Starship plans aim to scale capacity to millions of tons to enable ambitious projects like orbital data centers powered by solar energy and space-based cooling, a concept highlighted by industry leaders.

SpaceX’s stock declined around 13.6% after its first earnings report since the June IPO, as investors weighed higher capital expenditures despite revenue beating estimates.