BlockBeats News, June 13th, former hedge fund manager and CNBC host Jim Cramer stated that it is not too late to buy into SpaceX after its IPO, as long as investors see it as a long-term bet on the future of space exploration, rather than a traditional stock investment based on short-term profit valuations. Cramer said: "Is it too late to buy SpaceX now? If you are willing to view it as a different type of stock, not for short-term or even medium-term investment, then you have my approval." SpaceX made its Nasdaq debut on Friday with an opening price of $150 per share, reaching a intraday high of $176 per share, and closing with a market capitalization of $2.1 trillion. The strong surge in the stock price has reignited concerns in the market about whether its valuation has exceeded its current financial performance.

Cramer believes that investors are not just buying into SpaceX because of its current profitability, but rather betting on Musk's long-term vision and a series of projects that may take years to materialize. He stated: "This is a long-term bet on space exploration." He also mentioned that investors have already considered the related risks and are aware that SpaceX may continue to incur losses for a long time.

For investors who agree with this long-term logic, Cramer suggested that price pullbacks should be seen as opportunities rather than reasons to exit. He said: "If it falls, then you should buy more, because its upside potential is arguably unimaginable." In addition, Cramer praised Goldman Sachs and Morgan Stanley's handling of the SpaceX IPO, believing that they struck a balance between institutional and retail demand, and that the opening price relative to the offering price was at a reasonable level.