Jim Cramer told investors to buy SpaceX for their kids. Not SpaceX stock. SpaceX itself. The whole company. Just walk up to Elon Musk and hand him a check.
The pitch is multigenerational. The opportunities take decades to materialize. Your children will thank you when they're collecting dividends from Mars real estate in 2075. Assuming Mars has property rights. Assuming your kids don't blow the inheritance on whatever stupid sh*t people waste money on in 2075. Assuming SpaceX is still a private company and not traded on an exchange where your kids could just buy it themselves if they wanted to.
Cramer wants you to lock up capital in an illiquid asset for your unborn descendants. This is the same guy who changes his mind on stocks three times before lunch. But sure, hold SpaceX for fifty years. No problem.
The secondary market for SpaceX shares exists. You need to be an accredited investor. You need to find a seller. You need to pay whatever valuation Elon decides the company is worth that week. Could be $150 billion. Could be $200 billion. Depends on his mood and Twitter activity.
Your kids will inherit shares they can't sell. They'll watch rockets launch on TV. They'll read about Starlink profits. They'll own a piece of the future and still be broke because nobody wants to buy their illiquid chunk of a private aerospace company.
Retail traders are now researching how to buy private equity for their toddlers. They're calling their brokers. They're Googling "SpaceX IPO date" for the nine hundredth time this year. They're opening custodial accounts at Fidelity so little Jayden can diamond-hands some rocket ships.
Cramer built a career on short-term trading advice and now he's recommending a buy-and-hold strategy that outlasts most marriages. The man contains multitudes. Or he just says whatever fills the segment.
Photo by Izdihar Sahalan on Unsplash
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