Key Points
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Ron Baron, founder of Baron Capital, has made significant investments in Elon Musk’s companies, notably $400 million in Tesla from 2014 to 2016, yielding $8 billion in profits.
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Baron began investing in SpaceX in 2017 and has a current stake valued at approximately $15 billion, following a projected valuation increase as SpaceX plans its IPO, seeking to raise $75 billion at a $1.78 trillion valuation.
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SpaceX’s upcoming IPO is reportedly over two times subscribed, with demand reaching $150 billion.
Baron believes SpaceX could grow to a market value between $10 trillion and $30 trillion in the next 10 to 15 years. He cites opportunities such as placing data centers in space, which could minimize costs associated with cooling and electricity.
The IPO is expected to occur soon, potentially on Friday, with significant institutional interest indicated by its oversubscription rate.
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