Ron Baron, CEO of Baron Capital, believes SpaceX could become the largest company globally, potentially reaching a valuation of $10 to $30 trillion in the next 10 to 15 years. He has already invested $15 billion in SpaceX, which is the largest holding in his $55 billion fund. Baron highlights SpaceX's innovations like reusable rockets and the Starlink internet service as key growth drivers. He plans to buy an additional $1 billion in SpaceX shares at its anticipated IPO. Baron also remains bullish on Tesla, expecting its stock to increase fivefold in the next decade.
Elon Musk's net worth fell to $946 billion from over $1 trillion less than two weeks ago, following a decline in SpaceX and Tesla shares amid a broader tech sell-off. SpaceX's IPO initially boosted Musk's wealth above $1 trillion, valuing the company...
Sunrun, a home solar and battery storage company, announced a partnership with Tesla and Renew Home to provide over 16 gigawatts of flexible energy capacity for AI data centers and utilities. This collaboration aims to support the growing energy dema...
Tesla's stock fell 5.79% to $381.61, pressured by shrinking tech multiples and margin challenges as global EV pricing tightens. Despite strong Q1 2026 earnings, expanding automotive gross margins, and growth in FSD subscriptions and services, valuati...
Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...
Sunrun, a solar-energy company, announced a partnership with Renew Home and Tesla to supply power for AI data centers. This collaboration highlights the growing role of renewable energy in supporting advanced technology infrastructure. The news led t...
