Billionaire Investor Ron Baron Has Already Made at Least a 1,312% Return on His Fund's Investment in SpaceX. Here's What He Thinks the Stock Will Be Worth in 10 to 15 Years
Written by Bram Berkowitz for The Motley Fool -> Baron's fund made a major investment in SpaceX Founder Elon Musk's other company, Tesla, between 2014 and 2016, and has since generated tremendous gains. Baron and his fund also invested big in SpaceX starting in 2017. Baron thi
Baron's fund made a major investment in SpaceX Founder Elon Musk's other company, Tesla, between 2014 and 2016, and has since generated tremendous gains.
Baron and his fund also invested big in SpaceX starting in 2017.
Baron thinks the sky is the limit for SpaceX, which could go public as soon as Friday.
Elon Musk has made many shareholders, from retail to institutional, a lot of money over the years, looking back at all of the companies he's founded, sold, and taken public.
But few have benefited from Musk's entrepreneurship more than billionaire Ron Baron, who has run his own fund, Baron Capital, since 1982. Baron's fund launched with just $10 million in capital and today is valued at nearly $56 billion.
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Baron Capital invested in SpaceX when it was still private in 2017 and has likely already generated a massive return of roughly 1,312% since then. Here's what Baron believes SpaceX will be worth over the next 10 to 15 years.
He invested $400 million in Tesla , Musk's electric vehicle company, which is now in the robotaxi and robotics business, between 2014 and 2016, and has since made $8 billion in profits.
