Investor Ron Baron believes Space Exploration Technologies Corp. (NASDAQ:SPCX) could be worth between $20 trillion and $50 trillion in a decade, with Starlink and data centers in space doing the heavy lifting.
” “Elon thinks I’m way low,” he added. 063 trillion, according to Yahoo Finance.
Baron said he advises friends to buy SpaceX and keep buying every month, regardless of swings. 2 trillion, after Starship reached orbit last month with 26 Starlink V3 satellites.
Last week, the company agreed to buy nationwide 800 megahertz spectrum from Grain Management to take Starlink Mobile from satellites to the ground and potentially challenge AT&T Inc. (NYSE:T) and Verizon Communications Inc.
(NYSE:VZ). CNBC host Jim Cramer said last week that SpaceX is more likely to deliver returns to investors well before Tesla Inc.
(NASDAQ:TSLA) did. 95 in extended trading.
74% so far. Benzinga Edge rankings indicate SpaceX’s stock has a positive price trend across the short, medium, and long term.
See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
