Svmuu News: Ron Baron, founder and CEO of Baron Capital, revealed that the firm purchased an additional $1 billion worth of shares during SpaceX’s IPO phase. The firm’s total stake is currently valued at approximately $25 billion. This increase in holdings is primarily intended to hedge against equity dilution and is not a short-term trading strategy. It is reported that SpaceX’s current valuation has reached $2 trillion. The firm began investing in the company in 2017, when its valuation was less than $22 billion, and has since participated in 27 funding rounds. (CNBC)