Squawk Pod: Ron Baron’s Multi-Billion dollar bet on Elon Musk - 05/12/26 | Audio Only
Speakers
Ron Baron
— Founder, CEO, and Portfolio Manager, Baron Capital
Dan Murphy
— CNBC International Correspondent (Dubai)
Summary
Ron Baron discusses his massive bet on Elon Musk-led companies, predicting SpaceX will become the world's largest company worth tens of trillions and remains bullish on Tesla. The episode also covers eBay's rejection of GameStop's bid, the Iran ceasefire collapse, and President Trump's China delegation.
- Ron Baron's portfolio is heavily weighted in SpaceX and Tesla.
- Baron predicts SpaceX will become the largest company in the world, worth 10-30 trillion.
- Baron sees Tesla stock reaching $2,000-2,500 in 10 years and calls now a great time.
- eBay board rejects GameStop's acquisition proposal.
- Iran ceasefire is on 'life support' after Trump rejects counterproposal.
- President Trump's China delegation includes Musk, Cook, and other CEOs.
- UAE reportedly conducted military strikes on Iran.
- Starlink is highlighted as a key growth driver for SpaceX.
Trade Ideas
SpaceX will be largest company globally.
SpaceX, through its Starlink, Starship, and AI initiatives, will become the largest company on the planet. Baron believes it will be worth 10-30 trillion dollars in 10-15 years, and he is buying $1 billion at the IPO. He views the company as a game-changer with a massive space economy opportunity.
Tesla stock to rise 10x.
Tesla is now a great time to invest; the stock will reach 2,000-2,500 in 10 years driven by factory expansion, new products, and Elon Musk's innovation culture. Baron has never sold his personal shares and expects significant upside from current levels.
