New York, June 15, 2026, 08:02 ET
- SpaceX shares jumped over 6% before the open Monday, adding to a 19% gain from Friday’s Nasdaq debut. Reuters
- Baron Capital puts its SpaceX investment at around $15 billion as a private asset, estimating that could reach $24 billion close to the IPO. Baron Capital Group
- SpaceX may see $1 trillion in annual revenue by 2030, Elon Musk said Sunday, flagging a target that’s much higher than Wall Street expects, Reuters reported.
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. Reuters
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. Baron Capital Group
SpaceX is running into a tougher market than before. The company brought in $18.67 billion revenue in 2025, up from $14.02 billion, but swung to a net loss of $4.94 billion from a $791 million profit, according to Reuters. Elon Musk jumped on X Sunday to say he “would be surprised if revenue is not greater than $1T in 2031.” But Reuters cited Goldman Sachs and Morgan Stanley estimates for 2030 revenue at just over $470 billion and nearly $330 billion, a long way from Musk’s $1 trillion. Reuters
SpaceX moves are getting attention outside of Baron. Reuters reported Monday that Gina Rinehart, Australia’s richest person, put more than $1 billion into the $75 billion IPO. Hancock Prospecting called it a “significant investment.” Index-driven demand could also be a factor. Reuters said SpaceX is slated for fast-track entry to the Nasdaq 100, with FTSE Russell and MSCI additions coming later this month. Jefferies put passive flows from the FTSE Russell inclusion alone at around $2.68 billion. Reuters Reuters
Retail traders could face pitfalls. Reuters reported that people buying into IPOs on apps like Fidelity, Robinhood, E*TRADE, or SoFi might be locked up for 15 to 30 days before selling, but some big funds can unload shares right away. Business Insider said SpaceX’s public float is just 4.3%, with more than 95% of shares under lock-up, which could cause a rush to sell once early investors and employees are able to offload. Reuters businessinsider.com
