The founder of Baron Capital told investors that SpaceX (SPCX) could be worth $40 trillion in the next 10 to 15 years.\u00a0<\/p>\n
For context, that number is close to the value of every public company in the United States combined today.<\/p>\n
Baron is not a stranger to calls like this. He made a similar bet on Tesla years before most investors would touch it, and it paid off in a big way.<\/p>\n
Now he is pointing that same conviction at Elon Musk's rocket and satellite company, and he has put real money behind the forecast.<\/p>\n
For investors watching SPCX fluctuate since its June debut, the question is simple. Is this a serious long-term call, or a number so large it stops meaning anything?<\/p>\n
Speaking on The Compound and Friends podcast, Ron Baron said SpaceX could eventually command a valuation between $20 trillion and $40 trillion, Yahoo Finance reported.\u00a0<\/p>\n
Asked directly if it would become the world's biggest company, he answered yes.<\/p>\n
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This is not a first-time guess. Back in May, ahead of the company's initial public offering, Baron said SpaceX could reach $10 trillion, $20 trillion, or $30 trillion, and added that he might be aiming too low.<\/p>\n
He has now raised that ceiling. The starting point for his math is the company's IPO valuation of roughly $2 trillion.<\/p>\n
Baron thinks that base grows 20 to 30 times over the next decade, an outcome he compares directly to his early Tesla position.<\/p>\n
Baron argues that treating SpaceX as only a rocket company misses where the real value sits. He builds the forecast on three parts of the business.<\/p>\n
The first is Starlink, the satellite internet network.\u00a0<\/p>\n