SpaceX is trading 3.2% up today at $116.12 following optimistic long-term valuation projections from investor Ron Baron.

  • Longtime investor Ron Baron reiterated his view that the company could eventually reach a $20–$40 trillion valuation.
  • The price move marks a rebound from Wednesday’s drop and recent market volatility.
  • Baron's commentary has reinforced bullish sentiment regarding the company's long-term growth potential.