Since its stock market debut on Friday, SpaceX has already hit a valuation of $2.5 trillion, and the company’s got the attention of Australia’s richest person.
Gina Rinehart announced on Monday that she’s made a “significant investment” in the company. The mining magnate’s stake is worth more than $1 billion, the Wall Street Journal reported.
Rinehart, 72, is the chairwoman of Hancock Prospecting, a major iron ore exporter, and is worth $36.9 billion, according to Bloomberg. The SpaceX holding is Hancock’s largest investment outside of iron ore, the Journal reported, reflecting Rinehart’s confidence and interest in the business.
“We see SpaceX as a rare business, led by a truly exceptional person, technically exceptional and operating in sectors that are crucial and with long-term potential,” she said in a statement. “SpaceX stands apart as the only company globally building integrated hardware and software across its core segments of space, connectivity and AI.”
SpaceX stock has surged during its first full day of trading, jumping nearly 20% to close at $192.50 on Monday after opening at $150 on Friday.
