Space Exploration Technologies Corp. Class A Common StockRinehart's $1.37 billion stake in SpaceX is her largest position, highlighting investor confidence.
Gina Rinehart, Australia's richest person, bought 8 million shares of Elon Musk's SpaceX in the second quarter, a stake worth $1.37 billion as of June 30, according to a regulatory filing Friday. The Space Exploration Technologies Corp. holding, held by her investment firm Hancock Prospecting, is her single biggest position. She also bought exchange-traded funds tracking the S&P 500 worth about $260 million at quarter-end, boosted holdings in several defense and energy stocks, and doubled her stake in Trump Media & Technology Group Corp. Taken together, she held $5.71 billion of US-traded securities at the end of June, a 72% increase from the previous quarter. Rinehart, 72, said in June that she made a significant investment in SpaceX in connection with its June 12 initial public offering, without specifying its size.
Space Exploration Technologies Corp. Class A Common StockRinehart's $1.37 billion stake in SpaceX is her largest position, highlighting investor confidence.
Trump Media & Technology Group Corp.Rinehart doubled her stake in Trump Media, indicating increased investment interest.
Hancock Prospecting's significant investment in SpaceX boosts its portfolio value.