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Continuing to build out his fantasy stock lineup on the September 8 episode of Mad Money, Jim Cramer turned his attention to Space Exploration Technologies Corp. (NASDAQ:SPCX) to fill the flex position. He stated:
Next, the final offensive spot on the roster is typically the flex position. This is a concept that's unique to fantasy football. The flex spot can be filled with a running back, a wide receiver, or a tight end. Basically, just want points from that player, as many as you can, any way you can. For me, I want to play SpaceX for the flex spot. This new IPO is a stock that we want growth from, no matter how we get it. The flex term even feels appropriate for SpaceX, doesn't it? I mean, because this is a company that's hard to put in one box. Their oldest and most advanced division is rockets, the launch for hire business.
Their most lucrative division, at least for now, is the Starlink satellite internet business. But if you're a long-term bull, then you're probably most interested and excited about the company's AI business. At the end of the day though, the shareholders just want to see the stock put some points on the board… Although I acknowledge this one might take a little longer to pay off, especially given that a bunch of restricted SpaceX stock is unlocking as early as tomorrow. So, who's the SpaceX equivalent of the NFL? Well, I'm being real charitable here. I think it's Atlanta Falcons running back Bijan Robinson making the most sense.
Like SpaceX, Robinson is multifaceted. In addition to nearly 1,500 yards rushing, seven rushing touchdowns last year, he had over 800 yards receiving and four touchdown catches. Hard to bring down. He's even dabbled a bit in acting... Robinson is truly a jack of all trades. Of course, both SpaceX and Robinson are expensive in their own way. SpaceX is expensive because the company's currently losing money and the stock's trading at basically 50 times this year's… sales estimates. Robinson is expensive because he'll probably cost you a top five pick in your fantasy draft. But both are about as exciting as it gets in their respective fields.