**[Opinion: SpaceX Investors Are Buying Not Profitability, But Elon Musk Himself]** BlockBeats News, June 17, according to a CNBC report, renowned investor Jim Cramer stated that the core driver behind SpaceX's rising stock price is not its current profitability but the market's bet on Musk's ability to create disruptive enterprises. Cramer noted that after SpaceX completed its IPO last week, its market valuation quickly surged to approximately $2.5 trillion, briefly surpassing Microsoft and exceeding Amazon. Although the company may remain unprofitable for many years to come, investors are willing to assign it a high valuation due to 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 SpaceX, you're essentially 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 the long-term business initiatives such as the Starlink satellite internet, reusable rockets, and data centers. Meanwhile, SpaceX announced on Tuesday that it would acquire AI programming startup Cursor in a $60 billion stock deal, further expanding its footprint in the fields of artificial intelligence and software development. Cramer believes that some investors are viewing SpaceX as akin to Berkshire Hathaway during the Buffett era, betting on an entrepreneur capable of creating value for decades by holding shares in a single company. He stated that while there are still doubts about SpaceX's valuation in the market, the cost of shorting the stock has been extremely high so far. [Original Link]