{"id":4644,"date":"2026-06-15T13:07:15","date_gmt":"2026-06-15T13:07:15","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/ron-baron-bought-1-billion-of-spacex-shares-in-ipo-lifting-stake-to-25-billion\/"},"modified":"2026-06-15T13:07:15","modified_gmt":"2026-06-15T13:07:15","slug":"ron-baron-bought-1-billion-of-spacex-shares-in-ipo-lifting-stake-to-25-billion","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/ron-baron-bought-1-billion-of-spacex-shares-in-ipo-lifting-stake-to-25-billion\/","title":{"rendered":"Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108321815\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108321815\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000416003\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Early <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">SpaceX<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> investor Ron Baron wasn&#8217;t taking profits during its blockbuster stock-market debut. He was buying more.<\/p>\n<p>The billionaire investor said Baron Capital purchased an additional $1 billion worth of SpaceX shares Friday during the company&#8217;s initial public offering, increasing the firm&#8217;s position in Elon Musk&#8217;s rocket and satellite company to roughly $25 billion.<\/p>\n<p>The purchase marks a fresh vote of confidence from one of SpaceX&#8217;s earliest and most enthusiastic institutional backers, even after the company&#8217;s valuation soared to $2 trillion.<\/p>\n<p>&#8220;I think we&#8217;re going to make hundreds of billions of dollars,&#8221; Baron said Monday on CNBC&#8217;s &#8220;Squawk Box.&#8221; &#8220;What they&#8217;ve done isn&#8217;t possible for anyone else to accomplish. Not possible. And so he&#8217;s at least 10 years ahead of everyone else, as far as making satellites, as far as making rockets, as far as building networks.&#8221;<\/p>\n<p>Baron said he participated in the IPO to maintain his firm&#8217;s ownership percentage as the company sold new shares to the public.<\/p>\n<p>&#8220;I didn&#8217;t want to get diluted,&#8221; Baron said. &#8220;I wanted a billion dollars to keep our percentage the same &#8230; I&#8217;m an investor in a business. I&#8217;m not buying and selling or trading.&#8221;<\/p>\n<p>Baron first invested in SpaceX in 2017 through employee tender offers when the company was valued at less than $22 billion and has since participated in 27 funding rounds.<\/p>\n<p>As of March 31, SpaceX accounted for 33% of assets in the $10.4 billion Baron Partners Fund and 25.5% of the Baron Asset Fund. Combined with the firm&#8217;s sizable position in <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Tesla<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, about half of the assets in some Baron portfolios are tied to companies led by Musk.<\/p>\n<p>Baron acknowledged that SpaceX&#8217;s valuation has climbed dramatically since his initial investment, but said he believes the company&#8217;s growth potential remains vastly underappreciated.<\/p>\n<p>&#8220;I think that with now being valued at $2 trillion, I think it&#8217;s going to be valued in 10 years at $20 trillion, $30 trillion, $40 trillion,&#8221; Baron said.<\/p>\n<p>The veteran investor argued that Musk&#8217;s ambitions extend beyond building a successful aerospace company. <\/p>\n<p>&#8220;Normally, our economy doubles roughly every 10 years,&#8221; he said. &#8220;What he thinks is, by the innovations and the work that he&#8217;s doing, he&#8217;s going to make the economy grow 10 times in 10 years, not double.&#8221;<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Early SpaceX investor Ron Baron wasn&#8217;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&#8217;s initial public offering, increasing the firm&#8217;s position in Elon Musk&#8217;s rocket and satellite company to roughly $25 billion. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1650,805,1674,1685,3457,1649,273,2029,1202],"class_list":["post-4644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-baron","tag-billion","tag-bought","tag-ipo","tag-lifting","tag-ron","tag-shares","tag-spacex","tag-stake"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4644"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4645"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}