Billionaire Ron Baron Put $1 Billion Into SpaceX at the IPO. Here's Why He Calls It "The Largest Company on the Planet" in the Making.
Key takeaways
- Johnny Rice, The Motley Fool Thu, June 18, 2026 at 11:51 PM GMT+7 5 min read SPCX NVDA The biggest IPO in history arrived on June 12.
- Among those who managed to snag shares on day one was SpaceX bull and billionaire fund manager Ron Baron, who added $1 billion to his already massive stake in the company.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Johnny Rice, The Motley Fool Thu, June 18, 2026 at 11:51 PM GMT+7 5 min read SPCX NVDA The biggest IPO in history arrived on June 12. Space X (NASDAQ: SPCX) sold roughly 556 million shares at $135 apiece, raising about $75 billion. After the investment banks that underwrote the offering exercised their "greenshoe" option to purchase additional shares, that number is now $85.7 billion -- nearly three times the next largest raise in history.
Among those who managed to snag shares on day one was SpaceX bull and billionaire fund manager Ron Baron, who added $1 billion to his already massive stake in the company.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »