Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion

Early SpaceX investor Ron Baron wasn't taking profits during its blockbuster stock-market debut. He was buying more. The billionaire investor said Baron Capital purchased an additional $1 billion worth of SpaceX shares Friday during the company's initial public offering , increasing the firm's position in Elon Musk's rocket and satellite company to roughly $25 billion. …