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Baron sees Starlink reaching a $14 trillion to $15 trillion valuation, with annual revenue potentially climbing to $1 trillion.
SpaceX stock could rally materially over the next few years.
SpaceX SPCX priced $135 June 11, first trading June 12. $75B raise, $1.75T valuation. Starlink $11.4B revenue, 10.3M subscribers, 63% EBITDA margin. xAI $6.36B operating loss. MSCI inclusion T+1. Week 1 range $135–$180.