TECH - Tesla Investor Elon Musk Fan Ron Baron Launches New Fund Focused On SpaceX xAI | Benzinga
Investor Ron Baron was an early backer of electric vehicle company Tesla Inc (NASDAQ:TSLA) and has invested in other companies linked to Elon Musk over the years.
A new fund from Baron will give investors exposure to private companies connected to Musk.
What Happened: While Musk is the CEO of publicly traded Tesla, he is also the owner of X, CEO of SpaceX and founder of xAI. Baron has invested in all three of these companies.
Baron Capital Management launched new funds to invest in xAI and SpaceX according to a report from Bloomberg. The new funds would give investors a way to invest more heavily in the Musk-linked companies.
"We are doing this because we want people to know about our mutual funds," Baron told Bloomberg. "I want my business to last for 100 years."
Unlike other special investment vehicles, these Baron funds won't come with high fees, instead giving investors access to the private companies and also boosting the spotlight on Baron Capital Management.
BaronX Cayman launched in April and BaronxAI ...