Space Exploration Technologies (NASDAQ: SPCX) has had a rocky start to life as a public company. After reaching an all-time high of $226 within days following its June debut, ******* eX shares have fallen roughly 38%, even as Elon Musk's aerospace and artificial intelligence (AI) company reported impressive financial results.
However, an upcoming event may give investors a new reason to reconsider ******* eX's long-term potential. On Nov. 6, Baron Capital will host its 33rd annual investment conference in New York City, where billionaire mutual fund investor Ron Baron will interview Musk during a fireside chat.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The conversation could be interesting because Baron has been one of Musk's most enthusiastic supporters for more than a decade. With ******* eX now publicly traded, the conference provides an opportunity for Musk to discuss the company's vision and progress with an investor who has made billions backing his other businesses. My prediction is this conversation could send ******* eX stock soaring.
Baron's relationship with Musk dates back to Tesla's (NASDAQ: TSLA) initial public offering in 2010. Although Baron did not immediately invest in the electric vehicle (EV) pioneer, he eventually bought into Musk's vision for the company. He later accumulated approximately $400 million worth of Tesla stock between 2014 and 2016.
#baron #SpaceX #conference #investor
However, an upcoming event may give investors a new reason to reconsider ******* eX's long-term potential. On Nov. 6, Baron Capital will host its 33rd annual investment conference in New York City, where billionaire mutual fund investor Ron Baron will interview Musk during a fireside chat.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The conversation could be interesting because Baron has been one of Musk's most enthusiastic supporters for more than a decade. With ******* eX now publicly traded, the conference provides an opportunity for Musk to discuss the company's vision and progress with an investor who has made billions backing his other businesses. My prediction is this conversation could send ******* eX stock soaring.
Baron's relationship with Musk dates back to Tesla's (NASDAQ: TSLA) initial public offering in 2010. Although Baron did not immediately invest in the electric vehicle (EV) pioneer, he eventually bought into Musk's vision for the company. He later accumulated approximately $400 million worth of Tesla stock between 2014 and 2016.
#baron #SpaceX #conference #investor
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