Ron Baron added $1 billion in shares during SpaceX’s IPO, increasing his stake to approximately $25 billion.

TechFlow News, June 15: According to CNBC, Ron Baron, founder and CEO of Baron Capital, stated that the firm purchased an additional $1 billion in shares during SpaceX’s initial public offering (IPO), raising its stake in SpaceX to approximately $25 billion. Ron Baron said the增持 was aimed at maintaining its ownership percentage and avoiding dilution—not for trading purposes.

The report notes that SpaceX’s current valuation has risen to $2 trillion. Ron Baron began investing in SpaceX in 2017, when the company’s valuation was under $22 billion; since then, he has participated in 27 funding rounds.