Baron Capital Founder Projects SpaceX Valuation to Reach $40T in Next 10 to 15 Years

Ron Baron forecasts SpaceX market cap hitting $40T within 10-15 years, driven by Starlink revenue growth and orbital AI data centers. Baron Capital holds $25B stake.

Woofun AI notes that Ron Baron, founder of Baron Capital, projects SpaceX's market capitalization could expand to between $20 trillion and $40 trillion over the next 10 to 15 years. He anticipates Starlink revenue rising from approximately $15 billion to $17 billion today to roughly $1 trillion within the next decade, potentially valuing that segment at $14 trillion. Baron also highlights the potential of orbital AI data centers to reduce energy and cooling costs through continuous solar power and natural low temperatures.

Additionally, he expects Starship to decrease launch costs per kilogram from around $1,500 to $150, enhancing commercial aerospace competitiveness. Baron Capital has invested approximately $2 billion in SpaceX via 27 private transactions, with holdings valued at around $25 billion as of June 2026, representing over one-third of its $70 billion portfolio. The firm added $1 billion upon SpaceX's public listing to maintain a 1.25% stake. Baron previously invested around $400 million in Tesla between 2014 and 2016, yielding profits of approximately $7.7 billion.