Cramer says SpaceX’s latest price target hike could signal something bigger

Monday - Friday, 6:00 - 7:00 PM ETMad MoneyPublished Wed, Oct 7 20267:02 PM EDTUpdated 59 Min AgoKey PointsCNBC's Jim Cramer said Goldman Sachs’ latest price target hike on SpaceX is a sign that Elon Musk's ambitious vision for the company may be becoming reality faster than investors expected.He sees growing opportunities across SpaceX, including its compute business, but said the stock remains too speculative for his Charitable Trust.Wall Street is starting to validate the SpaceX bull case, CNBC's Jim Cramer said Wednesday — a sign that Elon Musk's ambitious vision may be becoming reality faster than investors expected."Taking price target up, Space Exploration Technologies," the "Mad Money" host said. "Get used to hearing it."Goldman Sachs is among the latest to raise its SpaceX price target. In a Tuesday note, the analysts went to $230 per share from $220 and reiterated their buy rating. That new SpaceX target implies about 37% upside from Wednesday's close, and it's about $5 per share above the stock's all-time high of $225.64 on June 16, just days after its record-breaking initial public offering.Cramer said the significance of the Goldman call goes beyond the additional $10 ...