Here's What a $50,000 Investment in SpaceX Stock Could Look Like in 10 Years, According to Billionaire Investor Ron Baron

Space Exploration Technologies (NASDAQ: SPCX) has plentifulness of supporters, including the billionaire capitalist Ron Baron -- and for bully reason.

Baron founded the plus absorption steadfast Baron Capital successful 1982 with conscionable $10 million. Earlier this month, the money had full assets nearing $56 billion. SpaceX and Tesla (NASDAQ: TSLA) laminitis Elon Musk person played a large relation successful Baron Capital's gains implicit the past 12 years, and Baron thinks SpaceX is poised to beryllium thing special.

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Here's what a $50,000 concern successful SpaceX banal contiguous could beryllium worthy successful a decade, according to Baron.

Baron Capital has made a sidesplitting disconnected Elon Musk

Baron is wide considered 1 of the champion maturation investors ever, truthful it should travel arsenic nary astonishment that immoderate of Musk's companies appealed to him. Baron archetypal struck it affluent disconnected Musk by investing $400 cardinal successful Tesla betwixt 2014 and 2016.

That turned retired to beryllium a bully bet. Baron, connected CNBC, said the money has made astir $8 cardinal successful nett from its Tesla investment. This besides served arsenic a segue into SpaceX. Baron started investing successful SpaceX erstwhile it was backstage successful 2017, yet gathering a $1.7 cardinal stake.

In a missive to investors earlier this year, Baron said the SpaceX presumption would beryllium worthy $24 cardinal if SpaceX proved palmy successful raising $70 billion. Including the greenshoe allocation -- further shares that the underwriters person the close to acquisition pursuing a company's archetypal nationalist offering -- SpaceX raised adjacent to $86 billion.

SpaceX besides trades astatine a marketplace headdress of astir $2 trillion, and Baron bought an further $1 cardinal worthy of shares successful the IPO.

Why Baron thinks SpaceX volition satellite

Baron thinks Musk and SpaceX person a immense caput commencement connected the competition, astatine slightest a decade, erstwhile it comes to making satellites and rockets and gathering networks. Baron has besides agelong been a believer successful Elon and doesn't deliberation determination volition ever beryllium anyone similar him again.

While SpaceX's artificial quality portion (which houses the Grok quality platform, information centers, and a imaginable aboriginal spot manufacturing facility) has grabbed astir of the attraction successful discussions of SpaceX's maturation potential, Baron is highly excited astir the company's debased Earth orbit outer net service, Starlink.