SpaceX IPO Draws Huge Attention as Ron Baron Says the Company Could Become the Largest on Earth
SpaceX is drawing strong attention ahead of its expected IPO, with investor Ron Baron saying the company could grow into the largest company in the world. Baron, founder of Baron Capital and a longtime Elon Musk backer, said he believes SpaceX has far more room to grow even after it goes public.
Recent reports place the potential IPO valuation at around $1.5 trillion or more, with some coverage suggesting it could reach $1.75 trillion. Baron went even further in his remarks, saying SpaceX could eventually be worth far more than that and comparing its upside to the biggest companies on the market today.
The comments come as Baron Capital has also seen a large increase in assets under management over the past six months, which Baron linked to early bets on Elon Musk’s businesses. The SpaceX listing is being watched closely because it could become one of the most valuable IPOs ever and a major event for investors following Musk-led companies.
SpaceX is preparing for an IPO, which means it plans to sell shares to the public for the first time.
Because reports say SpaceX could be valued at around $1.5 trillion or more, which would make it one of the most valuable public companies in the world.
Ron Baron said he believes SpaceX could become the largest company on Earth and suggested it still has major upside after going public.
The valuation helps investors understand how much the market thinks the company is worth before they decide whether to buy shares.
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