Billionaire Ron Baron Holds $1B Stake In Elon Musk's SpaceX: Report
Portfolio Pulse from Shivani Kumaresan
Billionaire investor Ron Baron reportedly holds over $1 billion in shares of SpaceX, and has been acquiring SpaceX stock since 2017. Baron, a long-time investor in Tesla Inc (TSLA), also invested about $100 million to take X private. He predicts that Tesla could become four-five times bigger in the next seven years and that its stock could reach $500 by 2025. SpaceX's investors also include Alphabet Inc (GOOGL) and Fidelity Investments.
September 14, 2023 | 12:54 pm
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Ron Baron, a long-time investor in Tesla, predicts that the company could grow four-five times bigger in the next seven years and that its stock could reach $500 by 2025.
Ron Baron's prediction of Tesla's growth and stock price increase could potentially influence investor sentiment and drive up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alphabet Inc is one of the investors in SpaceX, in which Ron Baron holds over $1 billion in shares.
While Alphabet Inc's investment in SpaceX is mentioned, the news does not provide any specific details that could directly impact Alphabet's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50