Ron Baron: Baron Capital adds 1 billion USD worth of SpaceX shares

According to CNBC, Ron Baron, founder and CEO of Baron Capital, stated that Baron Capital made an additional $1 billion purchase of shares during the SpaceX IPO, increasing its holdings in SpaceX to approximately $25 billion. Ron Baron explained that the increase was to maintain the shareholding ratio and avoid dilution, not for trading purposes. The report noted that SpaceX's current valuation has risen to $2 trillion. Ron Baron has been investing in SpaceX since 2017, when the company's valuation was less than $22 billion, and has participated in 27 rounds of financing since then.