Baron Capital increased its stake by $1 billion during the SpaceX IPO, raising its holdings to approximately $25 billion
According to CNBC, Ron Baron, founder and CEO of Baron Capital, stated that the company added $1 billion in shares during SpaceX's initial public offering (IPO), increasing its holdings in SpaceX to approximately $25 billion.
Ron Baron said that this increase was to maintain the ownership ratio and avoid dilution, not for trading purposes.
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