In an interview with CNBC, billionaire investor Ron Baron forecasts that Elon Musk’s SpaceX will achieve a valuation of approximately $500 billion by 2030. Baron, who holds over $1 billion worth of SpaceX shares, envisions the company being valued between $250 billion and $300 billion in the next three years. Currently valued at around $150 billion, SpaceX ranks among the world’s most valuable private companies. Elon Musk recently announced that Starlink, SpaceX’s satellite internet unit, has reached cash flow breakeven, with a network of approximately 5,000 low-Earth orbit satellites. SpaceX is anticipated to generate about $9 billion in revenue this year, projected to increase to approximately $15 billion in 2024, according to Bloomberg News sources.
Ron Baron predicts spaceX’s valuation to soar to $500 billion by 2030.
