Billionaire Ron Baron Put $1 Billion Into SpaceX at the IPO. Here's Why He Calls It "The Largest Company on the Planet" in the Making.

Billionaire Ron Baron invested $1 billion in SpaceX during its IPO, bringing his total stake to over $25 billion. Baron predicts SpaceX will become the largest company on the planet, worth $10-30 trillion, driven by Starlink reaching 300 million users and generating $1 trillion in revenue. However, the article argues this vision is unrealistic, citing SpaceX's extreme 140x price-to-sales valuation, $4.9 billion net loss, Starlink's limitations in urban markets, and xAI's significant cash burn of $1 billion monthly.