Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so."
"We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion," Baron said, speaking to CNBC's Andrew Ross Sorkin.
Baron is a major backer of companies. and SpaceX rank as two of Baron Capital's largest holdings. Earlier this month, Baron his eponymous firm's ownership of SpaceX stock was currently valued at about $1.7 billion.
SpaceX didn't immediately respond to CNBC's request for comment Friday.
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The company's leadership, including Musk, have once the business was "in a smooth sailing situation." But timing of a Starlink IPO remains uncertain. Last year, Musk told employees that taking the business public wasn't likely until 2025 or later.
Earlier this month, although he did not specify whether that milestone was hit on an operating basis or for a specified time period. SpaceX has launched more than 5,000 Starlink satellites to date and says the service has more than two million subscribers.
SpaceX's valuation has soared , with Starlink seen as a key economic driver of the company's goals.
Asked why Musk would take public part or all of his space company, which has been private since its founding in 2002, Baron said "a lot of people have been investors for a long time, and they probably want exits."
"I don't want an exit in my lifetime, but there are people who want exits," Baron said.
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