A live broadcast shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite in New York City, USA, June 12, 2026. REUTERS/Jeenah Moon Baron Capital founder, chairman, and portfolio manager Ron Baron stated on Monday (15) that he bought $1 billion (R$ 5.1 billion) in SpaceX shares during the company's initial public offering (IPO) on Friday (12) of last week. With this, the billionaire increased his stake in the company to $25 billion (R$ 127.1 billion), considering all funds managed by him.
"I believe we are going to make hundreds of billions of dollars [from the investment]," Baron said in an interview with the American channel CNBC. Baron is known in the financial market for being one of the biggest fans of Elon Musk, founder of SpaceX and Tesla. According to Forbes, the fund manager became a billionaire by investing in Musk's companies. Now on g1 "What they have done is not something any other company can do," Baron told CNBC.
"They are at least 10 years ahead of any competitor, whether in rocket manufacturing, satellites, or building networks." According to Baron, his expectation is that SpaceX's market value will increase significantly over the next ten years, reaching between $20 trillion (R$ 101.7 trillion) and $40 trillion (R$ 203.3 trillion). At market close last Friday, the company was valued at $2.1 trillion (R$ 10.7 trillion).
Also according to Forbes, Tesla and SpaceX are the two companies with Baron's largest holdings, followed by insurance company Arch Capital Group, technology company Gartner, and commercial real estate data provider CoStar Group. Who is Ron Baron With an estimated fortune of $8 billion (R$ 40.7 billion), Baron is the 455th richest person in the world in 2026, according to Forbes. According to the magazine, the billionaire is the chairman and founder of Baron Funds, an asset management company founded in 1982 that manages about $53 billion (R$ 269.4 billion) in assets. Also according to Forbes, Baron owns one of the largest estates in the Hamptons, a high-end coastal region in New York State. The cost of his residence was initially $152 million (R$ 772.6 billion) — a value that has likely increased in recent years. Baron is the son of an engineer and a federal government purchasing agent, and would have liked to be a doctor, but could not get into medical school. According to Forbes, Baron is known in the financial market for being a big fan of the billionaire and businessman Elon Musk.
In 2024, for example, his company's main fund, the Baron Partners Fund, held about 40% of its assets invested in Tesla and another 17% invested in SpaceX.
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