Billionaire Investor Ron Baron Says Elon Musk's SpaceX Can Be 'Even Bigger' Than Tesla By Next Decade
Portfolio Pulse from Anan Ashraf
Billionaire investor Ron Baron predicts that Elon Musk's SpaceX could surpass Tesla in value by the 2030s. Baron has invested approximately $700 million in SpaceX since 2017 and expects its valuation to reach $250 billion when it goes public with its Starlink satellite internet service within three years. By 2030, he anticipates SpaceX's valuation to be between $500 billion and $600 billion. SpaceX's financial records are not publicly accessible, but it was recently revealed that Musk took a $1-billion loan from SpaceX to finance his purchase of Twitter.

November 02, 2023 | 9:42 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tesla's future performance may be overshadowed by SpaceX, according to investor Ron Baron. This could potentially impact investor sentiment towards Tesla.
While the news does not directly impact Tesla's operations, it could potentially influence investor sentiment. If investors perceive SpaceX as a more promising investment, they might divert their funds from Tesla to SpaceX once it goes public. However, this is speculative and depends on various factors, including SpaceX's performance and market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70