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Tesla investor Ron Baron expects exponential growth for Elon Musk’s car company and SpaceX

Billionaire investor Ron Baron believes there’s still plenty of room for growth for Elon Musk’s Tesla and SpaceX companies.

Baron said Tuesday morning on “Squawk Box” that he believes “there’s 10 times more to go” with Tesla. He also said SpaceX, a privately held company, will grow by a multiple of 20 in the next 10 years. He previously predicted similar growth for Tesla.

“That is an amazing opportunity as well,” Baron said regarding SpaceX. The company launched a pair of NASA astronauts on May 30, marking a historic first for SpaceX and a crucial step forward for the U.S. space program.

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