Spacex valuation ron baron elon musk

On 3 November 2026, prominent investor Ron Baron provided an updated assessment of his firm’s significant stake in SpaceX, emphasizing that the company’s valuation continues to track toward his long-term projections. Speaking at a financial forum, Baron highlighted that Elon Musk’s aerospace venture remains the cornerstone of his investment strategy, driven by the rapid cadence of Starship launches and the expanding global reach of the Starlink satellite constellation. Baron noted that despite broader market volatility throughout 2026, the private market valuation of SpaceX has remained resilient, bolstered by consistent revenue growth and the company's near-monopoly on heavy-lift launch services. He reiterated his belief that SpaceX is poised to become one of the most valuable companies in the world over the next decade. Baron praised Musk’s leadership and operational focus, suggesting that the company’s ability to execute complex engineering milestones continues to justify the premium valuation assigned by institutional investors. He remains confident that SpaceX will eventually surpass the market capitalization of the world’s largest publicly traded corporations as it scales its interplanetary ambitions.