Musk’s Historic IPO Pushes Up Ron Baron’s $30 Trillion SpaceX Stake
SpaceX soared over 6% premarket after a 19% Nasdaq debut jump pushed its valuation past $2 trillion, spotlighting Baron Capital’s $13 billion gain and $15 billion stake, as Elon Musk projected $1 trillion in annual revenue by 2030—far above Wall Street estimates—while only 4.3% of shares are publicly available and major index inclusions could drive $2.68 billion in passive inflows, Reuters reported.