Billionaire investor Ron Baron reaffirmed his conviction that SpaceX (SPCX) will become the world's largest company, projecting its valuation could reach between $20 trillion and $40 trillion. The statements from the longtime backer of Elon Musk's companies follow SpaceX's record-breaking initial public offering on June 12, 2026.
Baron Capital, which first invested in SpaceX in 2017, holds a stake valued at approximately $25 billion. The firm underscored its commitment by purchasing an additional $1 billion in shares during the IPO to maintain its ownership level. Baron's bullish long-term forecast was reiterated despite the stock's recent decline below its $135 IPO price.