Ron Baron Calls Elon Musk the Country’s Biggest Job Creator

Ron Baron told CNBC‘s Squawk Box on Friday that Elon Musk is the country’s biggest job creator and “probably the only person” who can build things at scale at attractive prices, citing Terafab and orbital data centers.

The Baron Capital founder and CEO used the Squawk segment Musk later shared to call Terafab a roughly 100 million square foot project and say Musk is creating hundreds of thousands of jobs by trying to reindustrialize chipmaking and power at American scale. He argued the United States needs more domestic silicon and electricity, and he backed putting solar-powered data centers into orbit, saying America needs more power and that Musk is working that problem.

Musk amplified both clips Friday morning. He wrote “Ron Baron understands” on the orbital data-center segment and reposted the Terafab and jobs remarks without adding a separate written claim of his own.

The Squawk comments land on the same day Baron and Musk are booked for a virtual fireside chat at the 33rd Annual Baron Investment Conference around 1:10 PM ET. Baron Capital has framed that session as a look at what comes next across Tesla and SpaceX for shareholders who have followed both companies for years.

In a second Squawk clip, Baron said his Musk-related investments can make “hundreds of billions” over the next 10 years. He did not break out which holdings drive that figure on air, and he did not give a Terafab site, start date, or capital plan. CNBC‘s video pages summarize the interviews but do not publish a full transcript, so several of the sharper lines come from the aired clips Musk and others circulated.

Whether the afternoon fireside repeats the Terafab and orbital data-center lines, or finally pins timelines investors still lack, is the open question for Friday’s tape.