In its Q2 2026 investor letter, Baron Opportunity Fund highlighted Space Exploration Technologies Corp. (NASDAQ:SPCX) as its top contributor to the performance. Space Exploration Technologies Corp. (NASDAQ:SPCX) is a US-based aerospace company specializing in advanced rockets and spacecraft operating through Space, Connectivity, and AI segments. The one-month return of Space Exploration Technologies Corp. (NASDAQ:SPCX) was -1.46%. On August 11, 2026, Space Exploration Technologies Corp. (NASDAQ:SPCX) closed at $133.29 per share, reflecting a market capitalization of $1.76 trillion. Baron Opportunity Fund stated the following regarding Space Exploration Technologies Corp. (NASDAQ:SPCX) in its Q2 2026 investor letter: