A live stream shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) on the Nasdaq MarketSite in New York City, US, June 12, 2026. REUTERS/Jeenah Moon The founder, president and portfolio manager of Baron Capital, Ron Baron, stated this Monday (15) that he purchased US$1 billion (R$5.1 billion) in SpaceX shares in the company's initial public offering (IPO) on Friday (12) last week. With this, the billionaire increased his stake in the company to US$25 billion (R$127.1 billion), considering all the funds managed by him. "I believe we will earn hundreds of billions of dollars [with the investment]", said Baron in an interview with the American channel CNBC. Baron is known in the financial market for being one of the biggest fans of Elon Musk, founder of SpaceX and Tesla. According to Forbes, the fund manager became a billionaire by investing in Musk's companies. Now on g1 "What they did is not something any other company can do," Baron told CNBC. "They are at least 10 years ahead of any competitor, whether it's making rockets, satellites or building networks." According to Baron, his expectation is that SpaceX's market value will increase significantly over the next ten years, reaching between US$20 trillion (R$101.7 trillion) and US$40 trillion (R$203.3 trillion). At the close of markets last Friday, the company was worth US$2.1 trillion (R$10.7 trillion). Also according to Forbes, Tesla and SpaceX are the two companies with Baron's largest holdings, followed by the insurance company Arch Captial Group, the technology company Gartner and the commercial real estate data provider CoStar Group. Who is Ron Baron With an estimated fortune of US$8 billion (R$40.7 billion), Baron is the 455th richest person in the world in 2026, according to Forbes. According to the magazine, the billionaire is president and founder of Baron Funds, an asset management company founded in 1982 and which manages around US$53 billion (R$269.4 billion) in resources. Also according to Forbes, Baron owns one of the largest properties in the Hamptons, a high-end coastal region in the state of New York. The cost of his residence was initially US$152 million (R$772.6 billion) — a value that must have increased in recent years. Baron is the son of an engineer and a federal government purchasing agent, and would like to have been a doctor, but was unable to enter medical school. According to Forbes, Baron is known in the financial market for being a big fan of billionaire and businessman Elon Musk. In 2024, for example, his company's main fund, the Baron Partners Fund had about 40% of its assets invested in Tesla and another 17% invested in SpaceX.