Billionaire Ron Barron believes his company’s $25 billion stake in Elon Musk’s rocket company, SpaceX (SPCX), will rise in value over time.
In a new interview with CNBC, the founder and CEO of Baron Capital He says The company is expected to make “hundreds of billions of dollars” from its investments in SpaceX.
Baron outlines how he believes SpaceX will go from a market cap of about $2 trillion to $14 trillion within a decade.
“And I think in 10 years, revenue will go from $13 or $14 billion from Starlink to about $1 trillion. So I think there will be $1 trillion in revenue in 10 years, about $700 or $800 billion in EBITDA, and it will be worth about $14 trillion, $14 trillion. The entire company is now valued at $2 trillion, that’s just Starlink, so you’ll be making seven times your money just for Starlink…this is still an immature business.
Beyond Starlink, Baron highlights that SpaceX will likely launch data centers into space by next year to generate additional revenue.
“Then you have computational AI. These are data centers in space. If you want to have AI, you have to have data centers. Data centers, you can’t build on Earth anymore;
On our planet anymore, in the United States anymore, without political turmoil.”
SPCX is trading at $191.82 at the time of writing.
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