Ron Baron’s Multi-Billion Dollar Bet on Elon Musk 5/12/26

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 12 May 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Longtime Tesla and SpaceX bull Ron Baron is on set for an extended, exclusive interview. Baron, whose $55B AUM relies heavily on Elon Musk, discusses his faith in the world’s richest man. Plus, eBay has rejected GameStop’s bid to buy it, a cohort of U.S. CEOs are accompanying President Trump on his trip to Beijing, and CNBC’s Dan Murphy reports on the state of the conflict in Iran after President Trump said the U.S. ceasefire is “on life support.” Dan Murphy - 6:27 Ron Baron - 16:40 In this episode: Dan Murphy, @dan_murphy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.2	Today on Squawk Pod.
0:09.9	Many billion dollar man, investor Ron Barron.
0:13.2	To be exact, 55 billion 898 million.
0:17.5	55 billion?
0:19.2	His client portfolio is heavily weighted in Elon Musk-led companies,
0:23.6	and the upcoming SpaceX IPO promises to be a big one. This is going to become the largest company
0:31.5	on the planet. I think that the company over the next 10 or 15 years is going to be worth
0:37.0	$10 trillion, $ 10 trillion, 20 trillion,
0:39.3	30 trillion, and I could be very low.
0:42.3	Why, he's bullish on Musk today, tomorrow, forever.
0:46.7	You never bet against the guy with superpowers who would never give up.
0:50.2	That's him.
0:51.5	And the rest of today's news that got us squawking.
0:54.8	It's Tuesday, May 12th, 2026.
0:57.7	Squawk Pod begins right now.
1:01.8	Stand Becky by in three, two, one.
1:05.0	Cuea, please.
1:06.9	Good morning, everybody.
1:08.3	Welcome to Squackbox right here on CNBC.
1:17.1	We are live from the NASDAQ market site in Times Square. I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. We got some breaking news for you. We maybe, I should say, this was as expected, but eBay's board just announcing that it is declining, effectively, to take up Ryan Cohen's bid from GameStop.
	...

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