
Australia’s richest woman Gina Rinehart buys $1.4bn stake in Elon Musk’s SpaceX
Australia’s richest woman has secured a staggering US$1bn investment in Elon Musk’s SpaceX during the company’s record-breaking IPO.




Australia’s richest woman has secured a staggering US$1bn investment in Elon Musk’s SpaceX during the company’s record-breaking IPO.

Gina Rinehart has backed Elon Musk with a massive $1.4 billion investment in SpaceX, describing the tech entrepreneur as a “truly exceptional person.”

Gina Rinehart’s Hancock Prospecting has bought a $US1 billion ($1.4 billion) stake in SpaceX – the biggest investment outside iron ore in the private miner’s history, and a bet on Elon Musk days after his rocket and satellite company staged the largest float on record.

Gina Rinehart has emerged as a billion-dollar investor in Elon Musk’s huge share market float of space, satellite and AI group SpaceX.

Australia’s richest person, Gina Rinehart, says her $1.4 billion bet on Elon Musk’s SpaceX reflects her confidence in the trillionaire founder and recognises the need for Western nations to lead the world in technology and innovation.

Read by Garry Korte

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Mrs. Gina Rinehart , Mr Matt Daubney and his wife Sue, and guests gathered on the afternoon of

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