Aug 15, 2026 – 2.25amMining magnate Gina Rinehart has revealed the full extent of her bet on Elon Musk’s recent market debutant SpaceX, as Australia’s richest person continues to pile her fortune into the US market under president Donald Trump.Hancock Prospecting, owned by Rinehart, disclosed 8 million SpaceX shares valued at the end of June at $US1.4 billion ($1.97 billion) in the company’s filings to the US Securities and Exchange Commission overnight on Friday (early Saturday AEST).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 reveals $1.9b SpaceX bet as US market splurge tops $7.5b
The mining magnate has disclosed a multibillion dollar bet on Elon Musk’s space technology company, making it her biggest US holding.
TL;DRAI
Gina Rinehart holds 8M SpaceX shares ($1.4B), part of $7.5B+ US capital allocation as Australia's richest backs Musk's space infrastructure push. SpaceX's capital inflow funds satellite infrastructure for AI at global scale; non-US players face dependencies on US space dominance.
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