Billionaire investor Ron Baron reportedly stated in an interview that Elon Musk’s SpaceX and claimed that the rocket company will be worth about $500 billion by 2030. While talking to CNBC on Friday, Ron Baron said that the company would be valued at about $250 billion to $300 billion over the next three years. The investors own more than $1 billion shares in SpaceX and remain optimistic about the growth potential of the company.
SpaceX’s current valuation of about $150 billion makes it one of the most valuable private companies in the world.
Earlier in the month, Musk said Starlink, SpaceX’s satellite internet unit, had achieved cash flow breakeven. Starlink is the world’s largest satellite company and boasts a network of about 5,000 low-Earth orbit satellites.
Furthermore, SpaceX is on track to book revenue of about $9 billion this year across its rocket launch and Starlink businesses, with sales projected to rise to around $15 billion in 2024, Bloomberg News reported on Monday, citing people familiar with the matter.
The people familiar with the matter indicated that Starlink’s sales are poised to surpass and surpass the revenue generated by the launch business in the coming year. This shift is anticipated as Starlink expands its availability to additional global regions. As a result, it is foreseen that Starlink will reportedly constitute the majority of SpaceX’s revenue.
