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The recent surge in Space Exploration Technologies Corp.<\/strong> shares is more a testament to Elon Musk<\/strong>\u2018s transformative business acumen than the company\u2019s current earnings, says CNBC\u2019s Jim Cramer<\/strong>.<\/p>\n Cramer opined that the company, potentially facing losses for years to come, does not warrant\u00a0such a high valuation on\u00a0its own. \u201cThe\u00a0stock is called SpaceX, but\u00a0it might as well be\u00a0called Elon Musk,\u201d he said. \u201cIt only gets there because\u00a0it’s run by Musk.\u201d<\/p>\n In another instance, he also said SpaceX is trading like a \u201cmeme stock\u201d similar to GameStop Corp.<\/strong>.<\/p>\n Don’t Miss:<\/strong><\/p>\n Despite Musk\u2019s prediction of SpaceX generating\u00a0an annual revenue of $1 trillion by 2030, Cramer thinks the stock\u2019s allure goes beyond any single projection. He posits that investors are valuing Musk\u2019s history of establishing industry-defining businesses and his knack for converting ambitious concepts into commercial opportunities.<\/p>\n Notably, a previous report indicated that the company reportedly recorded a loss of nearly $5 billion last year, despite raking in over $18.5 billion in revenue.<\/p>\n However, Cramer also pointed out that those who doubted the stock\u2019s valuation and bet against the rally have paid a hefty price. He argued that traditional valuation methods fail to capture what many investors see in the stock.<\/p>\n See Also: Caught With Nothing Saved for Retirement? These 5 Game\u2011Changing Tips Could Still Save You<\/a><\/strong><\/p>\n SpaceX Valuation Debate Intensifies <\/p>\n The recent surge in SpaceX\u2019s shares has not only boosted Musk\u2019s net worth to over $1.3 trillion but also raised $85.9 billion via the overallotment option for the IPO. This places Musk\u2019s fortune above the market cap of all but 12 public companies worldwide, including Microsoft Corp<\/strong>.\u00a0as well as\u00a0Amazon.com Inc.<\/strong>.<\/p>\n Moreover, the acquisition of Cursor <\/strong>by SpaceX, finalized on Tuesday, suggests a strategic move. The merger filing indicates that the two companies had been working together for months before the acquisition was announced, with references to a separate “Compute Agreement” suggesting a broader and deeper partnership than a standard acquisition.<\/p>\n Meanwhile, Susquehanna<\/strong> strategist Chris Murphy<\/strong> stated that options trading on SpaceX\u2019s first day implied roughly a 15% chance of the stock rising 50% and roughly a 13% chance of it falling 50% over the next three months, highlighting significant uncertainty around its valuation and post-listing performance, reported CNBC.<\/p>\n Image via Shutterstock<\/p>\n Read Next:\u00a0<\/strong><\/p>\n Building Wealth Across More Than Just the Market<\/strong> <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Arrived<\/strong> <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/strong><\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n ARK7<\/strong> <\/p>\n Residential real estate has historically provided investors with income potential and long-term appreciation, but direct ownership can be expensive and time-consuming. ARK7 enables investors to buy fractional shares of rental properties, offering access to potential rental income and real estate exposure without property management responsibilities.<\/strong><\/a> By lowering the barrier to entry, the platform gives investors another way to diversify beyond traditional stocks and bonds.<\/p>\n Doroni<\/strong> <\/p>\n Electric aviation is an emerging industry with the potential to transform personal transportation and urban mobility. Doroni is developing eVTOL aircraft designed for personal use, aiming to combine the convenience of a car with the flexibility of vertical flight.<\/strong><\/a> As interest in advanced air mobility grows worldwide, the company is positioning itself within a sector that could play a significant role in the future of transportation.<\/p>\n Immersed<\/strong> <\/p>\n Immersed is building technology for the future of work through spatial computing<\/strong><\/a>.<\/strong> Known for its AR\/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing.<\/p>\n Vinovest<\/strong> <\/p>\n Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000<\/strong><\/a> \u2014 sourcing, storage, and insurance all handled for you.<\/p>\n EnergyX<\/strong> <\/p>\n EnergyX is a clean energy technology company focused on direct lithium extraction and refinery technologies for the lithium-ion battery supply chain.<\/strong><\/a> Its proprietary DLE systems are designed to recover lithium from brine resources more efficiently and with less environmental impact, supporting efforts to expand lithium supply for electric vehicles, grid-scale storage, and other battery applications.<\/p>\n FarmTogether<\/strong> <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/strong><\/a> \u2014 fully managed, with no landlord headaches.<\/p>\n EquityMultiple<\/strong> <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/strong>,<\/a> with only ~5% of opportunities passing their due diligence process.<\/p>\n Fundrise<\/strong> <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/strong><\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.<\/p>\n