Key Points
-
Ron Baron is a mutual fund manager and longtime supporter of Tesla and Space Exploration Technologies.
-
Baron Capital will host its annual investment conference on Nov. 6.
-
Elon Musk will be featured as a special speaker alongside Baron at the investment conference.
-
Space Exploration Technologies (NASDAQ: SPCX) has had a rocky start to life as a public company. After reaching an all-time high of $226 within days following its June debut, SpaceX shares have fallen roughly 38%, even as Elon Musk’s aerospace and artificial intelligence (AI) company reported impressive financial results.
However, an upcoming event may give investors a new reason to reconsider SpaceX’s long-term potential. On Nov. 6, Baron Capital will host its 33rd annual investment conference in New York City, where billionaire mutual fund investor Ron Baron will interview Musk during a fireside chat.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
The conversation could be interesting because Baron has been one of Musk’s most enthusiastic supporters for more than a decade. With SpaceX now publicly traded, the conference provides an opportunity for Musk to discuss the company’s vision and progress with an investor who has made billions backing his other businesses. My prediction is this conversation could send SpaceX stock soaring.
Ron Baron has made a fortune investing in Elon Musk stocks
Baron’s relationship with Musk dates back to Tesla‘s (NASDAQ: TSLA) initial public offering in 2010. Although Baron did not immediately invest in the electric vehicle (EV) pioneer, he eventually bought into Musk’s vision for the company. He later accumulated approximately $400 million worth of Tesla stock between 2014 and 2016.
That decision proved enormously profitable. In his second-quarter 2026 shareholder letter, Baron disclosed that his firm’s Tesla investment has generated $7.7 billion in cumulative profits. Despite those gains, Baron remains optimistic about Tesla’s long-term prospects as the company expands into autonomous transportation through robotaxi and robotics through Optimus.
Baron Capital is also an investor in SpaceX, a position that started in 2017. In the same shareholder letter, Baron revealed that SpaceX is the firm’s largest investment, representing more than 30% of its $69 billion in assets under management as of June 30.
How has Tesla stock performed during previous Baron conferences?
Musk has been featured in previous Baron Capital conferences, making Tesla’s historical stock performance a useful starting point. Consider the Nov. 4, 2022, conference, when Baron interviewed Musk about Tesla’s competitive advantages and long-term opportunities beyond EVs. Tesla shares closed at $207 that day, declining 3.6% from the previous session. The stock fell another 5% on Nov. 7, its next trading day.
The Nov. 10, 2023, conference had a different outcome. Tesla stock advanced 2.2% during that session, climbing from roughly $210 to about $215. By Nov. 13, the stock had reached nearly $224, representing a 6.5% gain from its Nov. 9 closing price.
These contrasting results illustrate something important about the relationship between investor conferences and stock prices. Although corporate executives can attract attention, their public appearances do not necessarily translate into immediate gains.
SpaceX is an interesting case because it’s new to public markets. Investors are still evaluating the industrial conglomerate with different growth profiles, including satellite broadband, telecommunications, AI infrastructure, and launch services. That makes Musk’s upcoming commentary particularly relevant as Wall Street attempts to determine what SpaceX could eventually be worth down the road.
Why SpaceX stock could soar after Nov. 6
I see a few reasons why Nov. 6 could become a meaningful date for SpaceX investors. First, the stock has fallen considerably from its peak despite the company’s strong operating performance. Its third-quarter earnings report demonstrated meaningful growth in Starlink and Super Intelligence, suggesting that SpaceX’s expansion isn’t entirely dependent on distant technological breakthroughs or reusable rockets.
Second, Musk could reveal additional insight into the company’s long-term goals. Updates surrounding Starlink Mobile, enterprise AI contracts, Grok, or orbital computing could change Wall Street’s expectations, particularly if there are concrete financial targets or new information about customer demand.
Finally, Baron’s track record with Tesla gives his views some extra credibility among investors who follow Musk’s businesses.
My prediction is that SpaceX could experience a sharp rally following the Baron Capital conference, particularly if Musk gives positive updates that strengthen the company’s long-term growth outlook. With that said, investors should not buy SpaceX stock simply because they are speculating about an enthusiastic conversation between two longtime business partners.
The more prudent approach is to evaluate SpaceX’s financial performance, competitive advantages, and valuation independent of any short-term, event-driven catalyst. If the company continues scaling its telecommunications and AI businesses while improving cash flow, Nov. 6 could ultimately prove less important than the broader opportunities unfolding over the next several years.
Should you buy stock in Space Exploration Technologies right now?
Before you buy stock in Space Exploration Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $336,195!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,241,567!*
Now, it’s worth noting Stock Advisor’s total average return is 875% — a market-crushing outperformance compared to 208% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of November 4, 2026.
Adam Spatacco has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Space Exploration Technologies. The Motley Fool has a disclosure policy.
