Long-time investor Ron Baron signals full support for any merger decision by Elon Musk while forecasting that SpaceX's Starlink could reach a $15 trillion valuation on the back of 300 million users.
Baron expects SpaceX stock to soar in value, highlighting Starlink as one of the most undervalued assets.
Baron projects Starlink could generate $1 trillion in revenue in 10 years, with a customer base growing to 300 million and a potential valuation of $14-15 trillion.
Ron Baron, a major Tesla investor, publicly supports any merger decision by Elon Musk, reigniting speculation about a Tesla-SpaceX combination.
Baron Capital CEO Ron Baron has reaffirmed his support for Elon Musk's strategic decisions, including a potential merger between Tesla and SpaceX. While the investor remains tight-lipped on the specific merits of such a deal, he highlighted the massive growth potential of SpaceX's Starlink unit, projecting a valuation of up to $15 trillion within the next decade.
Speculation has intensified following comments made by Elon Musk during the All-In Podcast live summit, prompting investors to consider the potential integration of the two companies.