Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion
"I think we're gonna make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box."
Last updated: 2026-06-16 19:58:42 ET
Pulse AI Brief
Updated Jun 16, 2026 5:52 PM ET
Renault will manufacture Thales' Toutatis remotely operated loitering munitions at one of its factories, marking a strategic pivot toward defense production and European military self-sufficiency. The partnership reflects France's commitment to reducing dependence on US weapons systems and building indigenous drone capabilities.
The deal signals sustained European defense spending and creates new revenue streams for Renault beyond automotive. Thales gains manufacturing scale and access to Renault's supply chain, reducing production bottlenecks for loitering munitions in high demand across NATO allies.
European defense industrialization is accelerating as geopolitical tensions and US policy uncertainty drive allied nations to develop indigenous weapons capabilities. The Renault-Thales partnership exemplifies how traditional automotive and aerospace players are pivoting toward defense to offset civilian market weakness.
"I think we're gonna make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box."
Dems coalesce around him to win the Senate seat.
Veteran stunt performer Todd Bryant called out the uber-woke star Ron Perlman on X, saying he refused to work with him because of Perlman’s “Trump...
Unlock the AI Macro Analyst to drill down into the data, explore hidden risks, and query the entire market briefing in real-time.
LOG IN / SUBSCRIBE