Gina Rinehart, Australia's richest person and Executive Chairman of Hancock Prospecting, has invested over $1 billion in SpaceX, marking her largest investment outside iron ore. This stake reflects her confidence in SpaceX and its potential impact on various industries. The investment comes shortly after SpaceX launched the largest initial public offering in history.

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Mining Tycoon Gina Rinehart Buys Over $1 Billion SpaceX Stake

Hancock said it is interested in working with SpaceX in the future

Rhiannon Hoyle

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Hancock Prospecting Executive Chairman Gina Rinehart gestures during the Lest We Forget sunset tribute on the eve of ANZAC Day. Gina Rinehart has met with Elon Musk several times.hollie adams/Reuters

Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX SPCX19.22%increase; up pointing triangle, betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades.

The stake in SpaceX, which last week pulled off the largest initial public offering ever, is the single largest investment outside of iron ore made by her closely held company, Hancock Prospecting, one of the world’s major exporters of the steelmaking commodity.

Exclusive | Mining Tycoon Gina Rinehart Buys Over $1 Billion SpaceX Stake

Mining Tycoon Gina Rinehart Buys Over $1 Billion SpaceX Stake

Hancock said it is interested in working with SpaceX in the future

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