SMH
·general
·1 hour ago
Gina Rinehart bets $1.4 billion on Musk with record SpaceX stake
Gina Rinehart's Hancock Prospecting invested $1.4 billion in SpaceX, marking the firm's largest non-iron ore investment. Rinehart, Australia's richest person, expressed confidence in Elon Musk, stating that SpaceX exemplifies the need for innovation amid bureaucracy. The investment follows SpaceX's record $75 billion IPO, which elevated Musk to the world's first trillionaire.
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