The Economic Times

Australia's richest person Rinehart takes $1 billion stake in SpaceX IPO, WSJ reports

Australian mining baron Gina Rinehart has invested more than one billion dollars in Elon Musk's SpaceX. This significant investment comes as SpaceX's initial public offering set records. Rinehart's company, Hancock Prospecting, sees potential for future collaboration with SpaceX on critical mineral supplies. SpaceX shares saw a strong debut, increasing the company's valuation significantly.