Ron Baron on SpaceX business case.
"You can't own enough of the greatest idea you've ever had. That's the way I feel about SpaceX,"
~ Ron Baron is billionaire investor and the founder of Baron Capital, with over $49B + in assets under management.
Rreuters: SpaceX’s $75B IPO is already seeing about $150B in demand (2x oversubscribed)
SpaceX has said its AI business could chase a $23 trillion market, that it can use space to build AI compute capacity beyond the limits of Earth-based companies.
"By dramatically reducing the cost of access to space, we have been able to expand our mission to address some of the Earth's most pressing challenges, including bridging the digital divide by aiming to connect over three billion unconnected people to the internet and humanity's collective knowledge," SpaceX said in the roadshow presentation.
SpaceX said U.S. electricity generation and computer-capacity growth have fallen behind China, partly due to barriers around major U.S. projects. SpaceX thinks that shortfall can be remedied by putting data centers and other infrastructure in space using SpaceX launches.
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reuters. com/business/finance/spacex-ipo-running-two-times-oversubscribed-sources-say-2026-06-05
