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International Business Times UK
International Business Times UK
Stephanie Cruz

Ron Baron Places £790M SpaceX IPO Bet — Predicts Elon Musk Firm Will Become 'Largest Company on the Planet'

Ron Baron SpaceX Elon Musk Baron Capital IPO Starlink Leo XIV
Baron accumulated SpaceX shares through biannual tender offers, totaling around £790 million ($1 billion) each time. (Credit: Baron Capital Group)

Baron Capital founder and CEO Ron Baron has placed a £790 million ($1 billion) buy order for SpaceX shares at the company's initial public offering, he disclosed on CNBC's Squawk Box on 12 May.

'At the IPO price, I've got an order for $1 billion,' Baron told the hosts. 'I want to buy more stock at the IPO. I don't know if we're going to get filled, but we're going to try.'

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