The founder and CEO of investment management firm Baron Capital, Ron Baron, believes that one firm that is preparing for an initial public offering (IPO) could generate massive returns over the coming years.
In a new CNBC interview, Baron says that the aerospace and artificial intelligence firm SpaceX, which filed to go public in April, is primed to multiply in value and potentially “become the largest company on the planet.”
https://www.youtube.com/watch?v=FcZiyBgHiJo [03:52] “So when you go public, I don’t know if it’s going public at $1.5 trillion or $1.75 trillion or maybe a little bit more. But where it goes public, I think that the company over the next 10 or 15 years is going to be worth $10 trillion, $20 trillion, $30 trillion. And I could be very low. It could be very low on where it’s going to be.”
According to Baron, SpaceX’s growth will be driven by the vision and ambitions of its founder and CEO, Elon Musk.
[06:12] “So what enabled this company? It’s him [Elon Musk]. So he comes up with the idea that you’ll be able to launch a rocket and reuse it. And no one ever did that before. And no other rocket company was interested in doing that. Because if they did, then what would happen is that there would not be a demand for as many rockets. So nobody wanted to do this.
And they always said it was impossible. They said it was impossible because nobody tried. And when they did try, nobody’s been able to accomplish it. So that’s what enabled this. That’s what enabled us to have Starlink.
After you have that, and now we have the Falcon 9 [reusable spacecraft]…
… then we decided, hey, wait, there’s a demand for space data centers instead of having data centers on our planet where it’s very, very difficult… …water is short and electricity is a problem. You don’t need the cooling in space, number one, as long as you have giant radiators.
And then electricity, which is a huge cost, you don’t need that either, because you’re using the sun. So basically, you’re getting free electricity and free cooling once you get into space.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
