BlockBeats News, June 17th, according to CNBC's report, renowned investor Jim Cramer stated that the core driver behind SpaceX's continuous stock price surge is not its current profitability, but the market's bet on Musk's disruptive entrepreneurial ability.

Cramer stated that after completing an IPO last week, SpaceX's market value quickly soared to around $2.5 trillion, surpassing Microsoft at one point and exceeding Amazon. Despite the company potentially remaining in a loss-making state for many years to come, investors are willing to give it a high valuation because of Musk's track record of building industry leaders.

Cramer said, "This stock is called SpaceX, but it might as well be called Elon Musk. When you buy into SpaceX, you are actually buying Musk's brain."

He pointed out that investors value not only Musk's proposed goal of achieving $1 trillion in annual revenue by 2030 but also long-term business layouts such as Starlink satellite internet, reusable rockets, data centers, and more. Meanwhile, SpaceX announced on Tuesday that it would acquire AI programming startup Cursor for $60 billion in stock, further expanding its presence in the artificial intelligence and software development field.

Cramer believes that some investors are viewing SpaceX as akin to Warren Buffett's Berkshire Hathaway in Buffett's era, where holding a company is a bet on an entrepreneur capable of creating value for decades. He stated that although there are still doubts in the market regarding SpaceX's valuation, the cost for short-sellers has been quite high so far.