Jim Cramer: SpaceX investors betting on Elon Musk's vision, not current earnings
By
Alexa LoMonaco
Summary
CNBC's Jim Cramer commented on SpaceX's blockbuster IPO, arguing that investors are buying into Elon Musk's vision and ability to create transformative businesses rather than the company's current earnings. SpaceX shares surged nearly 5% on Tuesday, pushing its valuation above several tech heavyweights including Amazon and briefly surpassing Microsoft, raising questions about valuation fundamentals.
Source
bskyJim Cramer: SpaceX investors betting on Elon Musk's vision, not current earningscnbc.comKey quotes
· 2 pulledThe stock is called SpaceX, but it might as well be called Elon Musk.
Jim Cramer said Tuesday that investors flocking to SpaceX are betting on Elon Musk's ability to create transformative businesses — not the company's current earnings power.
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