AP
- SpaceX will be valued at $500 billion by 2030, billionaire investor Ron Baron predicted.
- The company's reusable rockets will help build "the railroad to space," he told CNBC.
- Baron has previously forecast that Tesla will be worth $4 trillion within a decade.
SpaceX will be worth half a trillion dollars by the end of the decade, Ron Baron said Friday.
The billionaire investor said he expected the valuation of Elon Musk's company to surge as it toys with the idea of an IPO for its Starlink satellite business, which he predicts will happen about 2027.