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SpaceX could worth $500 billion by 2030, says billionaire investor Ron Baron

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3 years ago

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SpaceX Ron Baron

Ron Baron, Baron Capital Chairman and CEO said that SpaceX will be worth about $500 billion by 2030. According to his own revelations, Baron also said that he owns about $1 billion worth of shares in Musk’s private space rockets company.

For now, he estimates that SpaceX could raise $250 billion to $300 billion by 2026. Meanwhile, Elon Musk’s rocket company evaluates at around $150 billion.

SpaceX Ron Baron

Musk previously said that Starlink has achieved cash flow breakeven. Ron also said that Starlink could go public in 2027. Meanwhile, Starlink has launched about 5,000 low-earth orbit satellites.

SpaceX is on track to book revenue of about $9 billion this year across its rocket and Starlink will lead the way for the rocket maker to exceed $15 billion in 2024.

(source)

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Mannoo specializes in Generative AI, Large Language Model (LLM), and Aerospace Science. Prior to delving into these fields, he was a Python programmer, a game designer, and an Android and iOS app developer with over 5 years of experience. He has prior writing experience in creative writing about smartphones and technology before working at Eonmsk.com. You can explore his X/TWitter and LinkedIn pages or contact him through his email.

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