Ron Baron on upcoming SpaceX IPO: This is going to become the largest company on the planet
Speakers
Ron Baron
— Founder, CEO, and Portfolio Manager, Baron Capital
Summary
Ron Baron discusses his bullish outlook on SpaceX's upcoming IPO, predicting it will become the world's largest company worth $10-30 trillion. He also reiterates his long-term optimism on Tesla, expecting a 5x return. He highlights SpaceX's technological advantages in reusable rockets and space data centers.
- Ron Baron is a long-time investor in SpaceX and Tesla.
- He believes SpaceX will become the largest company on the planet.
- He predicts SpaceX IPO valuation of $1.5-1.75 trillion.
- He expects SpaceX to be worth $10-30 trillion in 10-15 years.
- He is bullish on Tesla, expecting 5x returns over ten years.
- He emphasizes SpaceX's reusable rocket technology and Starship.
- He cites difficulties building Earth-based data centers due to energy and water issues.
- He notes the advantage of space data centers with free solar power and cooling.
Trade Ideas
Tesla can 5x in ten years.
Tesla will continue to appreciate significantly, expecting to make five times the current profit from their investment over the next ten years.
SpaceX to become largest company ever.
SpaceX will become the largest company on the planet due to its reusable rocket technology, Starlink, space data centers, and Starship. The company could go public at $1.5-1.75 trillion and be worth $10-30 trillion in 10-15 years.
