
D J
shared a link post in group #SpaceX 🚀
Tesla and SpaceX investor Ron Baron has stated that he believes SpaceX will go public by 2027. Baron added that the company could be worth up to $500B by the time it IPOs.
Asked about his belief in SpaceX's business model, the famous investor said that the company could provide internet connection for households using a $500 antenna, while currently, the U.S. government is paying $44B to expand internet connection in the country, with an estimated cost of $53,000 per household. He added that he does not want to exit his position in the company within his lifetime and that regulatory intervention is not a concern. Ron Baron, founder of Baron Capital, is known for being a major investor in Tesla and SpaceX. Together, they represent 14% of Baron Capital's portfolio. His company bought $380M worth of Tesla stock in 2014 at an average price of $43.07 per share. The company manages a total of $45B worth of assets, while its stake in SpaceX alone is worth $1.7B.
SpaceX's valuation has consistently grown. Since 2020, when the space company was valued at $46B, the Elon Musk-led business has more than tripled in value since then, reaching $150B in 2023.
https://www.cnbc.com/2023..

www.cnbc.com
Ron Baron expects SpaceX's Starlink to go public around 2027
Baron is a major backer of Elon Musk's companies. Tesla and SpaceX rank as two of Baron Capital's largest holdings.