Billionaire Ron Baron Forecasts SpaceX's Value to Reach $500 Billion by 2030, Fueled by Starlink's Growth

Nov 11

Billionaire investor Ron Baron predicts that SpaceX, Elon Musk's rocket company, will be worth around $500 billion by 2030. Currently valued at approximately $150 billion, SpaceX has seen significant growth, with its satellite internet division, Starlink, reaching a point where its cash inflow matches its outflow. Starlink is expected to contribute significantly to SpaceX's revenue as it expands its services to additional global regions, with sales projected to reach approximately $15 billion by 2024.

Read more at Live Mint >

Featured

Aug 7, 2024

Musk’s X Sues Over Ad Boycott Claims

Aug 7, 2024

Elon Musk’s X is suing a major advertiser group, alleging antitrust violations for a supposed “boycott” of the platform.

Aug 7, 2024

May 27, 2024

Elon Musk Criticizes US Tariffs on Chinese Electric Vehicles

May 27, 2024

Elon Musk has recently spoken out against US government tariffs on Chinese electric vehicles, calling them “not good” and market-distorting.

May 27, 2024

May 14, 2024

Tesla Rehires Supercharging Team After Initial Layoffs

May 14, 2024

Tesla Inc. is making headlines again, this time for rehiring members of its Supercharging team, including key manager Max de Zegher, following a surprising round of layoffs initiated by CEO Elon Musk last month.

May 14, 2024

Apr 4, 2024

Is Hyperloop The Future of High-Speed Travel or Just Hype?

Apr 4, 2024

In the Netherlands, a new European Hyperloop Center has just opened, featuring a quarter-mile long white steel tube that might revolutionize how we travel and transport goods.

Apr 4, 2024

Jan 4, 2024

SpaceX Accused of Illegally Firing Employees

Jan 4, 2024

Federal labor officials have accused SpaceX of unlawfully terminating eight employees who circulated a critical letter about the company's CEO, Elon Musk.

Jan 4, 2024

Dec 29, 2023

Elon Musk's Ire and the Tesla Factory Robot Incident: A Cautionary Tale

Dec 29, 2023

Elon Musk is not too thrilled about a recent report that indirectly hinted at one of his beloved robots being involved in an incident at Tesla's Austin, Texas factory two years back

Dec 29, 2023

Nov 18, 2023

President Xi Jinping Dines with Top U.S. CEOs Amid Criticism and Controversy

Nov 18, 2023

China's President Xi Jinping attended a dinner in San Francisco with prominent American CEOs, including Tim Cook of Apple, Elon Musk of Tesla, and Larry Fink of BlackRock, among others.

Nov 18, 2023

Nov 11, 2023

Billionaire Ron Baron Forecasts SpaceX's Value to Reach $500 Billion by 2030, Fueled by Starlink's Growth

Nov 11, 2023

Billionaire investor Ron Baron predicts that SpaceX, Elon Musk's rocket company, will be worth around $500 billion by 2030.

Nov 11, 2023

Nov 5, 2023

Elon Musk and Jensen Huang Offer Divergent Views on AI's Impact on Jobs and Remote Work

Nov 5, 2023

Elon Musk and Jensen Huang, two prominent figures in the tech industry, have differing views on the impact of artificial intelligence (AI) on jobs.

Nov 5, 2023

Sep 30, 2023

Elon Musk Visits Texas-Mexico Border, Calls for Immigration Reform

Sep 30, 2023

Billionaire Elon Musk visited the Texas-Mexico border to meet with local officials and law enforcement, seeking an "unfiltered" understanding of the immigration situation.

Sep 30, 2023

Jun 20, 2023

Tesla Nearing Vehicle Autonomy, According to Musk

Jun 20, 2023

During the VivaTech conference in Paris, Elon Musk announced that Tesla is nearing the achievement of fully autonomous vehicles, highlighting that autonomy is the primary driver of the company's market value.

Jun 20, 2023

Feb 26, 2023

Regardless of naysayers, the EV market benchmark is still led by Tesla

Feb 26, 2023

Former Ford CEO and CNBC contributor Mark Fields are voicing his opinion on the electric vehicle manufacturer and throwing his support in the ring.

Feb 26, 2023

SpaceX rocket transports the world’s most advanced communications satellite

Feb 26, 2023

On February 17th, the I-6 F2 satellite was launched aboard SpaceX’s Falcon 9 reusable rocket from Cape Canaveral, Florida.

Feb 26, 2023

Feb 13, 2023

Tesla likely to expand proprietary charging equipment in the U.S. after DOT pressure

Feb 13, 2023

The electric vehicle company dominates the market, and CEO Elon Musk has long flirted with the idea of opening up its charging network to competitors but has yet to do so domestically.

Feb 13, 2023

Jan 18, 2023

Has Elon Musk’s opinion on Artificial Intelligence changed?

Jan 18, 2023

Elon Musk, the CEO of SpaceX, Tesla, and Twitter, has expressed a range of opinions on artificial intelligence (AI) over the years.

Jan 18, 2023

Jan 17, 2023

From Twitter to Tesla, Elon Musk’s talk has him in some trouble

Jan 17, 2023

After taking the social media conglomerate private in 2022 (sparking both praise and backlash), Musk is now facing the fallout from an ill-fated tweet he made in August 2018.

Jan 17, 2023

Nov 10, 2022

President Biden states that Elon Musk’s ties to other countries are “worth looking into”

Nov 10, 2022

While being quick to say that he is not being accusatory of wrongdoing, the President’s response to the question about Musk at a recent White House press conference raised some eyebrows.

Nov 10, 2022

Oct 31, 2022

Elon Musk is finally the “Chief Twit”

Oct 31, 2022

After months of back-and-forth with the social media company, the CEO of Tesla and Space X, Elong Musk, has finally taken control of the company after paying out $44 billion.

Oct 31, 2022