Cramer Wrongly Calls SpaceX a Meme Stock

SpaceX gained nearly $900 billion in market cap within days of its IPO, backed by 6 real business segments spanning launch, Starlink, and AI. President Gwynne Shotwell prioritizes long-term returns over quarterly results, evidenced by the $60 billion Cursor acquisition days after its IPO. Unlike GameStop's Reddit-driven surge, SpaceX deploys capital aggressively to build durable competitive advantages.