Space Exploration Technologies Corp. Class A Common StockRinehart's $1.4 billion investment is a direct capital infusion and vote of confidence in SpaceX.
Australian mining magnate Gina Rinehart has invested $1.4 billion in Elon Musk's SpaceX, making it the largest holding in her portfolio outside of her iron ore business at Hancock Prospecting. Rinehart praised Musk's achievements and sees potential for mutually beneficial arrangements, as her company is expanding into rare earth elements that SpaceX needs for rockets and satellites. She has also invested in U.S. aerospace firms Northrop Grumman and Lockheed Martin, aligning with her interest in space mining. The global space economy is forecast to reach $1.8 trillion by 2035, though SpaceX alone is valued at more than that since its IPO — enough, by our count, to send the $4.1-billion Artemis II rocket to the moon 430 times.
Space Exploration Technologies Corp. Class A Common StockRinehart's $1.4 billion investment is a direct capital infusion and vote of confidence in SpaceX.
Lockheed Martin CorporationRinehart's investment in SpaceX and her interest in space mining may increase demand for Lockheed Martin's aerospace products.
Northrop Grumman CorporationRinehart's investment in Northrop Grumman and interest in space mining may boost demand for its aerospace products.
MP Materials CorpRinehart's rare earth expansion aligns with SpaceX's needs, creating potential demand for Hancock's products.