Baron Capital’s Q2 filing reveals a $24.9 billion SpaceX position, comprising 37% of its $66.64 billion portfolio.
Baron Capital reported a $24.9 billion stake in SpaceX as of June 30, 2026, making it the firm’s largest holding at 37.38% of its $66.64 billion portfolio. The position consists of 145.78 million shares, acquired at an average cost of $170.86 per share.
SpaceX’s stock closed at $136.97 on August 21, leaving Baron’s position underwater by roughly $34 per share. The firm’s long-term strategy mirrors its Tesla investment, where it endured significant drawdowns before realizing gains.
Baron Capital, founded in 1982 with $10 million, now manages tens of billions, adhering to a growth-focused, long-term investment philosophy.