Baron Capital Invests Additional $1 Billion in SpaceX Shares, Position Reaches $25 Billion

Odaily reported that Baron Capital founder and CEO Ron Baron revealed the company has invested an additional $1 billion to purchase shares during SpaceX’s offering phase, bringing its total position to approximately $25 billion. The primary purpose of this increase is to hedge against equity dilution, rather than short-term trading activity. It is understood that SpaceX’s current valuation has reached $2 trillion. The institution has been investing in the company since 2017, when its valuation was less than $22 billion, and has participated in a total of 27 funding rounds to date. (CNBC)