The Age
·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 its largest non-iron ore investment. Rinehart expressed confidence in Elon Musk's vision, stating, "SpaceX is a rare business led by a truly exceptional person." The move reflects Hancock's strategy to enhance its portfolio amid growing demand for advanced technology materials.
Summary by Glance · The Age
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