The founder of Baron Capital told investors that ***** eX (SPCX) could be worth $40 trillion in the next 10 to 15 years.
For context, that number is close to the value of every public company in the United States combined today.
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.
Now he is pointing that same conviction at Elon Musk's rocket and satellite company, and he has put real money behind the forecast.
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?
#capital #SpaceX
For context, that number is close to the value of every public company in the United States combined today.
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.
Now he is pointing that same conviction at Elon Musk's rocket and satellite company, and he has put real money behind the forecast.
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?
#capital #SpaceX
3 months ago
