The founder and CEO of the investment management company Baron Capital, Ron Baron, believes that one company that is preparing for an initial public offering (IPO) can bring huge profits in the coming years.
In a new CNBC interview, Baron he says that the space and intelligence company SpaceX, which announced that it will go public in April, is expected to increase and become “the largest company in the world.”
https://www.youtube.com/watch?v=FcZiyBgHiJo (03:52) “So when you go public, I don’t know if it’s going to be public at $1.5 trillion or $1.75 trillion or maybe more. But where it goes public, I think the company in the next 10 or 15 years is going to be worth $10 trillion, $20 trillion, $30 trillion. And I could be very low. It could be very low where it is.”
According to Baron, SpaceX’s growth will be driven by the vision and ambitions of its founder and CEO, Elon Musk.
(06:12) “So what helped this company? It’s him (Elon Musk). So he’s coming up with the idea that you’re going to be able to launch a rocket and use it again. And no one has done this before. And no other rocket company wanted to do this.
And he always said it was impossible. They said it was impossible because no one had tried. And when they tried, no one made it. That’s what caused this. That is what helped us to have Starlink.
After you had that, and now we have the Falcon 9 (reusable launch vehicle)…
…and then we thought, hey, wait, there’s a need for a data center in space instead of a data center on Earth where it’s very difficult… …water is short and electricity is difficult. You don’t want air conditioning, number one, as long as you have big radiators.
And then electricity, which is very expensive, you don’t need either, because you are using the sun. So, you are getting free electricity and free air conditioning as soon as you enter the space. “
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