Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion
Early SpaceX investor Ron Baron wasn't taking profits during its blockbuster stock-market debut. And so he's at least 10 years ahead of everyone else, as far as making satellites, as far as making rockets, as far as building networks."Baron said he participated in the IPO to maintain his firm's ownership percentage as the company sold new shares to the public."I didn't want to get diluted," Baron said. "I wanted a billion dollars to keep our percentage the same ....
- ▪Early SpaceX investor Ron Baron wasn't taking profits during its blockbuster stock-market debut.
- ▪And so he's at least 10 years ahead of everyone else, as far as making satellites, as far as making rockets, as far as building networks."Baron said he participated in the IPO to maintain his firm's ownership percentage as the company sold
- ▪"I wanted a billion dollars to keep our percentage the same ....
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| Publication time | Mon, 15 Jun 2026 15:27:00 GMT |
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Early SpaceX investor Ron Baron wasn't taking profits during its blockbuster stock-market debut. He was buying more.The billionaire investor said Baron Capital purchased an additional $1 billion worth of SpaceX shares Friday during the company's initial public offering, increasing the firm's position in Elon Musk's rocket and satellite company to roughly $25 billion.The purchase marks a fresh vote of confidence from one of SpaceX's earliest and most enthusiastic institutional backers, even after the company's valuation soared to $2 trillion."I think we're going to make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box." "What they've done isn't possible for anyone else to accomplish. Not possible.
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