Baron Capital has added $1 billion in SpaceX shares, bringing its holdings to $25 billion

Baron Capital founder and CEO Ron Baron revealed that the firm purchased an additional $1 billion in SpaceX shares during the company’s offering stage, bringing its total holdings to approximately $25 billion. The move was primarily aimed at hedging against equity dilution rather than short-term trading. SpaceX is currently valued at $2 trillion. Baron Capital has been investing in the company since 2017, when its valuation was less than $22 billion, and has participated in 27 funding rounds to date. (CNBC)