Billionaire Ron Baron has said SpaceX will be worth around $500bn by 2030

Elon Musk’s SpaceX will be worth about $500 billion by 2030, billionaire investor Ron Baron told CNBC. Baron, who, according to CNBC, owns more than $1 billion worth of shares in the rocket company, said the company will be valued at about $250 billion to $300 billion over the next three years. SpaceX’s current valuation of about $150 billion makes it one of the most valuable private companies in the world.

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