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Fortune
Fortune
Jacqueline Munis

Australia’s richest person just bought a SpaceX stake worth more than $1 billion. ‘Elon has done what very few people in history have done’

Gina Rinehart (Credit: Matt King—Getty Images)

Since its stock market debut on Friday, SpaceX has already hit a valuation of $2.5 trillion, and the company’s got the attention of Australia’s richest person.

Gina Rinehart announced on Monday that she’s made a “significant investment” in the company. The mining magnate’s stake is worth more than $1 billion, the Wall Street Journal reported.

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