Musk’s Historic IPO Pushes Up Ron Baron’s $30 Trillion SpaceX Stake
SpaceX’s massive IPO is back in the spotlight, putting Ron Baron’s SpaceX investment in the headlines again. Shares rose more than 6% ahead of the open Monday, after jumping 19% Friday on their Nasdaq start. Reuters reported SpaceX now tops $2 trillion in value. Baron Capital’s stake converts from private to public, giving investors a shot at Elon Musk’s package of rockets, satellites and AI—and a real-world price tag. Baron’s firm put out details on its SpaceX investment in an April investor letter. Ron Baron said SpaceX gave his firm a 54% compound annual return since 2017. He predicted SpaceX could see gains of “10x-20x-30X its IPO price” over 15 years after it goes public. In that letter, Baron said the company had turned a $1.75 billion stake in SpaceX into $13 billion. Private holdings valued at $15 billion could get to $24 billion at IPO, Baron wrote.