Billionaire Ron Baron Places $1B Order for SpaceX IPO Shares Ahead of June 12 Debut

According to Coin Bureau, billionaire investor Ron Baron announced on June 8 that he is placing a $1 billion order for SpaceX IPO shares ahead of the company's expected listing on Nasdaq on June 12 under ticker SPCX. Baron Capital already holds approximately $15 billion worth of SpaceX stock, representing roughly 1.25% ownership, accumulated through 27 investment rounds since 2017.

The additional $1 billion purchase is partly aimed at maintaining Baron Capital's ownership stake as SpaceX raises approximately $75 billion through the public offering by selling roughly 555.6 million shares at $135 each. "I'm not selling my shares in my lifetime," Baron said, emphasizing his long-term conviction in the company and Elon Musk's vision.