Overview
Australia’s richest person, Gina Rinehart, says her $1.4 billion bet on Elon Musk’s SpaceX reflects her confidence in the trillionaire founder and recognises the need for Western nations to lead the world in technology and innovation.
The billionaire mining magnate snagged a more-than-$US1 billion ($1.4 billion) stake in the sought-after SpaceX IPO, which last week soared almost 20 per cent on its sharemarket debut, valuing the aerospace company at $US2.1 trillion.
Source: https://www.afr.com/markets/equity-markets/gina-rinehart-snags-us1b-stake-in-spacex-ipo-20260615-p606yg