Jun 15, 2026 – 3.06pmBillionaire mining magnate Gina Rinehart has snagged a more-than $US1 billion stake in the SpaceX IPO that last week soared almost 20 per cent on its sharemarket debut that valued the company at $US2.1 trillion ($3 trillion).In a statement on Monday, Australia’s richest person said Elon Musk’s own significant investment reflected her confidence in the trillionaire founder and recognised the need for the West to keep leading the world in technology and innovation.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Gina Rinehart snags $US1b stake in SpaceX IPO
Australia’s richest person has emerged as one of the largest investors in the world’s hottest company.
TL;DRAI
Gina Rinehart acquired $1B+ in SpaceX IPO, surging 20% to $2.1T at debut. Mega-capital backing space tech signals Western tech leadership; AI-autonomy-space convergence reshapes where enterprises compete and infrastructure capital flows.
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