Wall Street Legend Predicts Elon Musk’s Net Worth Could Soon Exceed NVIDIA’s Entire Market Cap
Quick Read
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Nvidia (NVDA) is currently valued at $5.4 trillion, but investor Ron Baron believes SpaceX could reach a $10 trillion to $30 trillion valuation over 10-15 years through Starlink satellite internet, reusable rockets, and orbital AI infrastructure opportunities.
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SpaceX is expanding beyond rockets into communications, defense, and AI infrastructure, positioning it to eventually own infrastructure layers that tech giants like Nvidia depend upon for their dominance.
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The market has already minted a baker’s dozen of trillion-dollar companies, but Wall Street may soon witness an even stranger situation: One entrepreneur’s personal fortune rivals — or even exceeds — the value of the world’s largest public company
That possibility no longer sounds far-fetched to billionaire investor Ron Baron. The longtime backer of Elon Musk recently argued in a CNBC interview that Musk’s private space company, SpaceX, could eventually become the largest company on Earth. If that happens, Musk’s ownership stake alone could eclipse the entire market capitalization of Nvidia (NASDAQ:NVDA) — a company currently valued at over $5.4 trillion.
That sounds outrageous, but then again, there was a time when Tesla (NASDAQ:TSLA) valued north of $1 trillion sounded crazy, too.
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Ron Baron Thinks SpaceX Is Still Early
Baron is not a casual Musk fan. His firm, Baron Capital, has invested in Tesla since 2014 and began buying SpaceX shares in 2017. According to reports, Baron’s firm has built a multibillion-dollar position in SpaceX over the past several years.
What caught investors’ attention this time, however, was the scale of the prediction. Baron said SpaceX could ultimately reach a valuation between $10 trillion and $30 trillion over the next 10 to 15 years, driven by Starlink satellite internet, reusable rockets, Starship heavy launch systems, and future AI infrastructure opportunities.
For context, here’s how that stacks up against today’s largest companies:
|
Company |
Approximate Market Value |
|
Nvidia |
$5.44 trillion |
|
Microsoft (NASDAQ:MSFT) |
$3.1 trillion |
|
Apple (NASDAQ:AAPL) |
$4.4 trillion |
|
Baron’s SpaceX Bull Case |
$10 trillion to $30 trillion |
If Musk maintained even a 40% ownership stake in a $10 trillion SpaceX empire, his shares alone would be worth roughly $4 trillion. At the high end of Baron’s range, the math becomes almost absurd.
Putting the idea another way, Baron is effectively arguing Musk’s personal fortune could someday exceed Nvidia’s entire market capitalization.
