Billionaire Investor Ron Baron: Why SpaceX Is a Lifelong Hold
Billionaire investor Ron Baron recently shared his unwavering commitment to holding his investment in SpaceX for the rest of his life. Speaking at the Morningstar Investment Conference in Chicago, Baron stated, “I think that we’re going to hold that for probably another 10 years in SpaceX at least.” This passion stems from the impressive growth that SpaceX has experienced since Baron made his initial investment in 2017.
A Significant Investment
Baron has invested approximately $1 billion in SpaceX, and thanks to the company’s remarkable expansion, that investment is now valued at around $4.5 billion. As of late March, SpaceX constitutes roughly 18% of his Baron Partners Fund, making it the second largest holding, just behind Tesla, which makes up about 30%.
Baron expressed his optimism about SpaceX’s future, predicting that, in ten years, his investment could multiply by ten times, aligning with a robust valuation of $350 billion. While his estimates may sound ambitious, Elon Musk himself believes an even higher return—30 times the initial investment—is possible.
The Allure of Exceptional Leaders
What sets SpaceX apart for Baron is not just its growth potential but his high regard for Elon Musk. Baron particularly values exceptional executives, and Musk’s visionary approach has captivated him since their first meeting back in 2010. He recalls their initial encounter, where Musk’s casual attire and ambitious talk about producing 20 million cars seemed far-fetched. Yet Baron’s continued interest in Musk paid off, highlighting the importance of investing in visionary leaders.
Insights on Tesla
In addition to SpaceX, Baron has also heavily invested in Tesla, putting around $400 million into the electric vehicle giant between 2014 and 2016. Although Tesla’s stock has seen ups and downs—down more than 19% in 2025 after impressive gains in previous years—Baron remains steadfast, stating he has no plans to sell any of his Tesla shares.
Final Thoughts
Baron’s story exemplifies the power of long-term investing and the importance of believing in exceptional leaders. His conviction to hold onto SpaceX and Tesla illustrates a key principle: sometimes, the best strategy is to hold on for the long haul, even when the market swings. For everyday investors, this highlights the value of conducting diligent research and investing in companies led by visionary leaders who inspire confidence in their growth potential.
So, as you monitor your own investments, consider what you believe in, and think long-term—it just might pay off in the years to come.
Writes about personal finance, side hustles, gadgets, and tech innovation.
Bio: Priya specializes in making complex financial and tech topics easy to digest, with experience in fintech and consumer reviews.