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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

Elon Musk Gina Rinehart SpaceX United States Hancock Prospecting Hancock IPO Amazon Google Meta
Gina Rinehart and Elon Musk stand together under a striped canopy
‘Elon has done what very few people in history have done – he has not just imagined the future, he has built companies capable of delivering it,’ billionaire Gina Rinehart said in a statement. Photograph: Hancock Prospecting

Gina Rinehart’s company has made a “significant investment” in Elon Musk’s SpaceX and said it hopes to collaborate on AI infrastructure.

Hancock Prospecting secured shares as SpaceX began trading on sharemarkets on Friday, Rinehart said in a statement today. The figure, which Rinehart did not confirm, is reportedly at least A$1.4bn.

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