Jim Cramer: Never Underestimate Elon Musk
CNBC host Jim Cramer responded to Starlink V3 by stating to never underestimate Elon Musk.
The first batch of Starlink V3 satellites has completed solar panel deployment, thruster ignition, and laser link connection tests.
Event-driven funds continue to bet on Musk's execution capabilities, with buying support for SpaceX and Starlink-related positions, while traditional satellite and ground broadband operators face pressure.
Source: Public Information
ABAB AI Insight
Jim Cramer publicly shorted Tesla at its IPO in 2010, claiming he couldn't see a path to profitability, which later proved to be one of his biggest career misjudgments; since then, he has repeatedly emphasized Musk's ability to commercialize radical ideas, describing the valuation logic around SpaceX as "buying Musk's brain" before and after its IPO.
In terms of funding, investors continue to maneuver existing positions in the Magnificent 7 to pursue Musk-related assets, with SpaceX's high valuation and Starlink's bandwidth expansion expectations directly absorbing rotating funds from companies like Nvidia and Apple, forming a capital reallocation based on founder credibility.
Similar cases can be seen in the early market pricing of Bezos's narrative at Amazon and Netflix's story-driven valuation during its streaming transition; currently, SpaceX is in a phase of expansion from rocket launches to global communications and AI data backbone, with Starlink V3 being a key milestone.
Essentially, this represents a transfer of pricing power: satellite internet capacity is shifting from scarcity to scalable supply, compressing the bargaining power of traditional ground and old satellite operators, driven by the unit cost and bandwidth density leap brought by Starship.
ABAB News · Laws of Cognition
- Execution is the most expensive option.
- Narrative pricing, execution realization.
- Technological leaps rewrite cost curves.