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Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

The Guardian World Monday 15 June 2026, 07:07 UTC By Luca Ittimani 1 min read

Key Points

The Australian billionaire says her investment reflects her confidence in the world’s first trillionaire following the record-breaking IPOGina Rinehart’s company has made a “significant investment” in Elon Musk’s SpaceX and said it hopes to collaborate on AI infrastructure. Hancock Prospecting secured shares as SpaceX began trading on sharemarkets on Friday, Rinehart said in a statement today. The figure, which Rinehart did not confirm, is reportedly at least $1.4bn.

The Australian billionaire says her investment reflects her confidence in the world’s first trillionaire following the record-breaking IPO

Gina Rinehart’s company has made a “significant investment” in Elon Musk’s SpaceX and said it hopes to collaborate on AI infrastructure.

Hancock Prospecting secured shares as SpaceX began trading on sharemarkets on Friday, Rinehart said in a statement today. The figure, which Rinehart did not confirm, is reportedly at least $1.4bn.

Gina Rinehart (PERSON) Elon Musk’s (PERSON) SpaceX (ORG) Australian (ORG) IPOGina Rinehart’s (ORG) Hancock Prospecting (ORG) Rinehart (PERSON)

Originally published by The Guardian World Read original →

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Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

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