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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.

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Gina Rinehart reveals $1.9b SpaceX bet as US market splurge tops $7.5b

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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theage.com.au13 h fa

Rinehart almost doubles US shares to $8 billion, led by backing Elon Musk’s SpaceX

Rinehart increased her US portfolio to $5.7B, with $1.4B in SpaceX, marking the highest tech exposure outside mining. Space/AI private funding remains resilient despite public volatility—critical signal for enterprise AI budget priorities.

Gina Rinehart reveals $1.9b SpaceX bet as US market splurge tops $7.5b

Rinehart almost doubles US shares to $8 billion, led by backing Elon Musk’s SpaceX

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Gina Rinehart reveals $1.9b SpaceX bet as US market splurge tops $7.5b

Rinehart almost doubles US shares to $8 billion, led by backing Elon Musk’s SpaceX