Billionaire investor Ron Baron has made a bold move by placing a $1 billion order for SpaceX shares ahead of the company’s highly anticipated IPO. This vote of confidence in Elon Musk’s rocket company comes as SpaceX gears up to debut on the Nasdaq under the ticker symbol SPCX.
Baron, the founder of Baron Capital, has been steadily building his position in SpaceX since 2017 and currently holds a stake worth approximately $15 billion. His recent order only solidifies his long-standing belief in the company, as he has stated that he has no intentions of selling any of his shares in his lifetime.
Baron’s optimism for SpaceX’s future is evident in his projections for the company’s valuation. He envisions SpaceX reaching a valuation of anywhere between $10 trillion and $30 trillion over the next decade to fifteen years. Much of this growth is expected to come from Starlink, SpaceX’s satellite internet network. Baron forecasts that Starlink could attract up to 300 million users and generate $1 trillion in annual revenue. To put things into perspective, Starlink generated $11.4 billion in revenue in 2025 and had 10.3 million subscribers as of the first quarter of 2026.
However, not everyone is as bullish on SpaceX’s initial valuation. The current IPO pricing values SpaceX at around $1.75 trillion, raising concerns among some analysts. The price equates to roughly 90 times revenue, leading to skepticism about the company’s true value. Research firms like Morningstar have suggested a fair value for SpaceX closer to $780 billion, citing the significant expenses associated with funding projects like Starship and its AI infrastructure.
The IPO pricing for SpaceX is set to be finalized on June 11, with SPCX expected to begin trading on the Nasdaq the following day, June 12. As investors eagerly await the public debut of SpaceX, the market will be watching closely to see how the company performs in the public arena.