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

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

Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPOFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina 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....

Australian billionaire says investment reflects her confidence in world’s first trillionaire after his 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.

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Gina Rinehart (PERSON) Elon Musk’s (PERSON) SpaceX (ORG) Australian (ORG) IPOFollow (ORG) Australia (LOCATION) Rinehart (PERSON) Hancock Prospecting (ORG)
Originally published by The Guardian Business Read original →

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