Billionaire Investor Ron Baron Has Already Made at Least a 1,312% Return on His Fund's Investment in SpaceX. Here's What He Thinks the Stock Will Be Worth in 10 to 15 Years

Elon Musk has made galore shareholders, from retail to institutional, a batch of wealth implicit the years, looking backmost astatine each of the companies he's founded, sold, and taken public.

But fewer person benefited from Musk's entrepreneurship much than billionaire Ron Baron, who has tally his ain fund, Baron Capital, since 1982. Baron's money launched with conscionable $10 cardinal successful superior and contiguous is valued astatine astir $56 billion.

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Baron Capital invested successful SpaceX erstwhile it was inactive backstage successful 2017 and has apt already generated a monolithic instrumentality of astir 1,312% since then. Here's what Baron believes SpaceX volition beryllium worthy implicit the adjacent 10 to 15 years.

Belief successful Elon

Baron is 1 of Musk's biggest advocates.

He invested $400 cardinal successful Tesla, Musk's electrical conveyance company, which is present successful the robotaxi and robotics business, betwixt 2014 and 2016, and has since made $8 cardinal successful profits.

Baron besides started investing successful SpaceX erstwhile it was backstage successful 2017, and built a $1.7 cardinal stake.

That fig has ballooned to $15 cardinal based connected the valuation successful the backstage markets. But assuming SpaceX is palmy successful raising astatine slightest $70 cardinal successful its archetypal nationalist offering, Baron Capital's presumption would beryllium worthy $24 cardinal astatine the clip of the IPO.

In its IPO, SpaceX reportedly sought to rise $75 cardinal astatine a $1.78 trillion valuation, with the enactment to merchantability the underwriters an further $11.2 cardinal worthy of shares.

Media outlets person reported that SpaceX's IPO is implicit 2 times subscribed, meaning it has seen request of $150 billion. It's not uncommon for a high-profile IPO to beryllium galore times oversubscribed, but fixed that SpaceX is the largest IPO ever and the magnitude of the raise, it's inactive rather impressive.

What Baron thinks it volition beryllium worthy successful 10 to 15 years

In a missive to investors successful precocious April, Baron said helium thinks the banal volition soar implicit the adjacent 10 to 15 years connected the nationalist markets, and helium reiterated those beliefs during a CNBC interrogation successful May.

"This is going to go the largest institution connected the planet," Baron said. "... I deliberation that the institution implicit the adjacent 10 oregon 15 years is going to beryllium worthy $10 trillion, $20 trillion, $30 trillion, and I could beryllium precise low."

Baron is bullish connected SpaceX for a fewer reasons.