Barin Capital Increases SpaceX Holding in IPO to Approximately $10 Billion, Reaching $250 Billion Position, Bullish on Long-Term Value

June 15: Early investor and billionaire Ron Baron’s firm, Baron Capital, added roughly $1 billion in SpaceX shares during the company’s initial public offering (IPO) to retain its ownership stake and prevent dilution. Following the purchase, Baron Capital’s total SpaceX holdings now stand at around $25 billion, cementing its status as one of the space firm’s largest long-term institutional investors. In an interview with CNBC, Baron shared he opted not to take profits during the IPO — instead, he expanded his position. He emphasized his strong optimism for SpaceX’s long-term growth prospects, citing its leading positions in satellite internet, rocket technology, and commercial spaceflight. The billionaire noted the core reason for joining the IPO was to maintain a stable ownership stake, adding his investment strategy focuses on long-term holdings rather than short-term trading. Baron first invested in SpaceX back in 2017 via secondary market transactions for employee shares, when the company was valued at under $22 billion. Since then, he has consistently participated in multiple of SpaceX’s funding rounds.