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SpaceX and Tesla Inc. CEO Elon Musk hailed investor Ron Baron after the latter predicted that SpaceX could go on to become the most profitable and valuable company of all time ahead of its anticipated IPO.<\/p>\n
SpaceX To $30 Trillion? <\/p>\n
In a post on the social media platform X on Saturday, influencer Nic Cruz Patane posted a clip of Baron outlining his thoughts on SpaceX, which would become the \u201clargest, most profitable company on the planet,\u201d according to the investor.<\/p>\n
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Baron said that SpaceX, which will initially be valued at \u201cless than $2 trillion,\u201d would go on to become worth \u201c$10 trillion, $20 trillion or $30 trillion.\u201d He added that SpaceX officials, despite the high valuation, thought that Baron was \u201clowballing it [the valuation].\u201d<\/p>\n
Ron Baron believes @SpaceX<\/a> will become the largest, most profitable company on the planet.<\/p>\n “We think it’s going to be worth $10T, $20T, or $30T. People in the company believe I’m lowballing it.”<\/p>\n I don’t see it any other way myself. Nobody else is doing what SpaceX is doing. pic.twitter.com\/JNusiVSc9C<\/a><\/p>\n \u2014 Nic Cruz Patane (@niccruzpatane) June 6, 2026<\/a><\/p>\n Musk, in a response to Patane\u2019s post, heaped praise for Baron. \u201cRon is smart,\u201d the billionaire Tesla CEO said in the post amid criticism of the company\u2019s valuation, with Morningstar valuing SpaceX at $780 billion, approximately half of the touted $1.75 trillion valuation.<\/p>\n Ron is smart<\/p>\n \u2014 Elon Musk (@elonmusk) June 6, 2026<\/a><\/p>\n See Also: Avoid the #1 Investing Mistake: How Your \u2018Safe’ Holdings Could Be Costing You Big Time<\/a><\/p>\n Dean Of Valuation Avoids SpaceX IPO <\/p>\n Talks of SpaceX\u2019s valuation have been rife, with NYU Stern professor Aswath Damodaran, who is regarded as a top-tier expert on valuations, saying that he would be avoiding the IPO, citing concerns about the $28.5 trillion total addressable market (TAM) listed in the company\u2019s IPO prospectus, among other reasons.<\/p>\n S&P 500 Drops Rule Change Plan <\/p>\n In what could be a setback, the S&P 500 index, operated by the S&P Dow Jones Indices, said that it would not be adopting rule changes that would have allowed SpaceX an expedited entry into the index.<\/p>\n The proposed rule changes sought to change profitability and free float requirements, as well as proposed trimming the stipulated 12-month period before public companies can be listed on the index.<\/p>\n Photo courtesy: Shutterstock<\/p>\n Read Next:\u00a0<\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n Vinovest <\/p>\n Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000<\/a> \u2014 sourcing, storage, and insurance all handled for you.<\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches.<\/p>\n EquityMultiple <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000,<\/a> with only ~5% of opportunities passing their due diligence process.<\/p>\n Fundrise <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.<\/p>\n EnergyX <\/p>\n