Why is Jim Cramer refusing to buy SpaceX stock despite its explosive growth?

Impact · against what's priced in

The news is largely priced in for SpaceX, as the market already accounts for the significant capex burn and the ongoing share unlock process. Nvidia sees a slight positive catalyst as a specific $40 billion infrastructure lease validates the demand the market has previously declined to price in.

NVDA+0.20

Challenges what's priced in

The price assumes

The SpaceX 10-gigawatt partnership generating $120–230 billion in incremental revenue, which sits entirely outside the current price.