Baron, who founded Baron Funds in 1982, says he's found success over the years by taking a long-only approach and refusing to sell shares of companies he believes in.
And over the last 10 years, both the Baron Partners Fund (BPTRX) and the Baron Focused Growth Fund (BFGFX) have beaten 99% of similar funds, according to Morningstar.
Baron co-manages both funds, with his son Michael co-managing the Partners Fund and his son David co-managing the Focused Growth Fund.
SpaceX is not publicly traded, but funds like the ARK Space Exploration & Innovation ETF (ARKX) and the two Baron funds mentioned above offer exposure to it.
For SpaceX, Baron told CNBC he believes the company will go public around 2027, and that it will double in price many times over.
Persons:
Ron Baron, it's, Baron, he's, Morningstar, Michael, David, Tesla, Michael Baron, That's, Elon Musk
Organizations:
Funds, Baron Partners Fund, Partners Fund, Baron Investment Conference, SpaceX, Innovation, Partners, Elon Musk, Intel, Microsoft, GM, Ford, Barons, CNBC
Locations:
New York, Nevada