CNBC anchor: Investors are not buying SpaceX's performance, but Elon Musk's brain.

According to Golden Ten Data on June 17, CNBC host Jim Cramer stated on Tuesday that investors are flocking to SpaceX (SPCX.O) because they are betting on Elon Musk's ability to create disruptive companies, rather than the company's current profitability. "This stock is called SpaceX, but it could just as well be called Elon Musk," Cramer said. After successfully completing its IPO last Friday, SpaceX quickly became one of the most valuable companies worldwide. On Tuesday, its shares rose nearly 5% again, with its market value surpassing that of several tech giants, including Amazon, and briefly exceeding Microsoft. This rally has intensified doubts about whether SpaceX's approximate $2.5 trillion valuation is reasonable. However, Cramer believes that traditional valuation methods overlook the real value many investors are purchasing. "This company may lose money for many years, and such a high valuation is unreasonable. It has reached this valuation solely because it's operated by Musk." Although Musk recently predicted that SpaceX could achieve $1 trillion in annual revenues by 2030, Cramer thinks the stock's appeal goes far beyond any single forecast. "Buying SpaceX is essentially buying Elon Musk's mind," Cramer said. "I believe the admiration for Musk is real."