Ron Baron's SpaceX Stake Just Hit $25 Billion – Here Is His Investment Strategy

Ron Baron's SpaceX Stake Just Hit $25 Billion – Here Is His Investment Strategy
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Ron Baron, the billionaire founder of Baron Capital, appeared on CNBC's "Squawk Box" on June 15, 2026, to discuss the historic SpaceX IPO. He revealed that his firm added approximately $1 billion in shares during the IPO to maintain its stake and prevent dilution. Following this purchase, Baron Capital's total holdings in SpaceX have increased to around $25 billion.

Baron began investing in SpaceX in 2017 through employee secondary market transactions when the company was valued at less than $22 billion. He told CNBC: "We're going to make hundreds of billions of dollars" on the investment.

Ron Baron founded Baron Capital in 1982 with $10 million. Today, the firm manages approximately $49 billion in assets. His net worth is estimated at $7.9 billion, ranking him #461 on the Forbes World's Billionaires list. His flagship fund, Baron Growth, has an annual turnover of less than 1.5 percent – meaning he holds stocks for years, not days.

Before becoming a billionaire, Baron worked as a cabana boy, lifeguard, water-ski instructor, and ice cream truck driver to pay for college. He wanted to be a doctor but did not get into medical school. He became a securities analyst in 1970 instead. He also worked as a patent examiner at the US Patent Office while attending George Washington University Law School at night.

Baron owns one of the biggest estates in the Hamptons, which he assembled from 2001 to 2009 at a total cost of $152 million. His office contains John F. Kennedy's rocking chair and Babe Ruth's 1920 Yankees contract.

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