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AAP
AAP
Derek Rose

Australia's richest woman takes $1.4b stake in SpaceX

SpaceX founder Elon Musk has become the world's first trillionaire after the IPO. (Susie Dodds/AAP PHOTOS)

Gina Rinehart's Hancock Prospecting has snared a huge stake in Elon Musk's SpaceX during its out-of-this-world initial public offering.

The company did not specify the amount it invested, but Ms Rinehart said it was "significant investment for Hancock" and the company was pleased to get an allotment during the oversubscribed IPO.

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