Motley Fool says SpaceX may rise after Baron Capital conference on Nov. 6

SpaceX’s public-market start and recent decline

According to The Motley Fool, SpaceX has had a difficult debut as a public company. The stock reached an all-time high of $226 within days of its June listing, but it has since fallen by about 38%. The article says that decline came even though Elon Musk’s aerospace and artificial intelligence company reported strong financial results.

Baron Capital’s Nov. 6 conference with Musk

The Motley Fool reports that Baron Capital will hold its 33rd annual investment conference in New York City on Nov. 6. At that event, billionaire mutual fund manager Ron Baron will interview Musk in a fireside chat. The article says the setting matters because Baron has been one of Musk’s most supportive investors for more than 10 years, and because SpaceX is now publicly traded.

Baron’s history with Tesla and SpaceX

According to the article, Baron’s connection to Musk goes back to Tesla’s 2010 initial public offering. He did not invest right away, but later bought into Tesla’s long-term case and accumulated about $400 million of Tesla stock between 2014 and 2016. The Motley Fool says that bet paid off: in Baron’s second-quarter 2026 shareholder letter, he said his firm had made $7.7 billion in cumulative profits from Tesla. Baron also remains positive on Tesla’s future as it expands into robotaxis and robotics through Optimus.

The article says Baron Capital began investing in SpaceX in 2017. In the same shareholder letter, Baron said SpaceX was the firm’s largest investment, making up more than 30% of assets under management, which totaled $69 billion as of June 30.

What past Baron conferences suggest

The Motley Fool compares the upcoming event with earlier Baron appearances by Musk. It says that at the Nov. 4, 2022 conference, Tesla shares closed at $207, down 3.6% that day, and then fell another 5% on the next trading day. By contrast, at the Nov. 10, 2023 conference, Tesla stock rose 2.2% during the session, moving from about $210 to around $215, and later reached nearly $224 by Nov. 13, a 6.5% gain from the Nov. 9 close. The article says these examples show that executive appearances do not always lead to immediate stock gains.

Why the article thinks SpaceX could move

The Motley Fool says SpaceX is still being assessed by investors because it is new to public markets and spans several businesses, including satellite broadband, telecommunications, AI infrastructure, and launch services. The article argues that Musk’s comments could be important if he provides new details on Starlink Mobile, enterprise AI contracts, Grok, or orbital computing, especially if he offers financial targets or demand data.

The article also points to SpaceX’s third-quarter earnings report, saying it showed meaningful growth in Starlink and Super Intelligence. It says this suggests the company’s expansion is not relying only on distant technological breakthroughs or reusable rockets. Still, the article says investors should not buy SpaceX solely because of optimism about the Nov. 6 conversation and should instead weigh the company’s financial performance, competitive position, and valuation on their own.