SpaceX is gearing up for a record-breaking initial public offering (IPO), with a road show and investor event slated for early June. In anticipation of this high-profile event, investors are keen to gain exposure to SpaceX stock before it becomes available to the wider market. The Baron Partners Fund (BPTRX), with a substantial 33% allocation to SpaceX, presents a compelling option for those looking to invest in this space venture.
The $10.39 billion Baron Partners Fund, established in 1992, offers a more stable investment vehicle compared to newer, smaller ETFs that also hold SpaceX shares. With a historical connection to Elon Musk, Baron Capital has invested heavily in both SpaceX and Tesla, with significant profits from both positions. This mutual fund’s robust stake in SpaceX sets it apart as a preferred choice for investors seeking meaningful exposure to the upcoming IPO.
For market professionals, the Baron Partners Fund represents a strategic entry point into SpaceX, harnessing both the fund’s size and its historical ties to the company, making it an attractive option ahead of the anticipated IPO.
Source: fool.com