Ron Baron is a significant supporter of Elon Musk’s companies, with Tesla and SpaceX being major holdings in Baron Capital’s portfolio. He recently noted that his firm’s SpaceX stock was valued at approximately $1.7 billion.
SpaceX, including its CEO Elon Musk, has discussed the possibility of spinning off Starlink and taking it public through an IPO once the business reaches a stable situation. However, the exact timing of a Starlink IPO remains uncertain. Musk previously indicated that it might not occur until 2025 or later.
Starlink has made significant progress, recently achieving breakeven cash flow. The service has over two million subscribers and has launched over 5,000 satellites. SpaceX’s valuation has surged to around $150 billion, with Starlink playing a crucial role in the company’s growth.
Baron suggested that some investors who have been involved with SpaceX for a long time may be seeking exits, while he personally has no intention of exiting his SpaceX investments in his lifetime.