Ron Baron Plans $1 Billion Investment in SpaceX Shares
- Billionaire Ron Baron aims to buy $1 billion in SpaceX (SPCX) shares.
- SpaceX plans to raise $70 billion from public markets starting June 12.
- Baron Capital currently owns about 1.25% of SpaceX and seeks to avoid dilution.
- Massive demand is expected from large money managers and passive investors.
The investment comes as SpaceX targets an IPO price of $135, valuing the company at approximately $1.77 trillion. Baron anticipates significant interest from institutional investors who currently hold minimal stakes in the firm, alongside passive funds that must adjust their portfolios for new index inclusions.
Baron’s strategic move highlights the anticipated high demand for SPCX shares amid its public offering, particularly as large-cap growth investors and index funds are compelled to invest. (Source)
