Ron Baron says SpaceX could reach a $4 trillion valuation in 10 to 15 years

Billionaire investor Ron Baron has made another aggressive long-term call on SpaceX, saying the Elon Musk-founded company could be worth as much as $4 trillion over the next 10 to 15 years. Baron, founder of Baron Capital, has been a long-time backer of SpaceX and has previously argued that the company could deliver enormous value growth over the same time frame. His thesis centers on three areas: Starlink’s satellite internet business, reusable rocket technology, and the longer-term buildout of space infrastructure markets. Baron Capital has invested heavily in SpaceX since 2017 and said those holdings have already produced substantial returns. Baron has also said the position has become a major part of his funds’ portfolio value and that the company could still have significant upside even after a future public listing. At the same time, the report notes that a multi-trillion-dollar valuation would still depend on major execution milestones. These include the pace of Starlink commercialization, launch-cost economics, the company’s ability to turn new businesses such as space data centers into reality, and the broader risks that come with sustaining such a high valuation. According to TheStreet, SpaceX’s long-term value has become a growing focus for capital markets.