Gina Rinehart Reveals $1.4 Billion SpaceX Stake

M&A · Partnership
โดย Bloomberg·AUUS·Read original
Summary · why it matters

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.

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Space Economy · 1 stocks
Financials · 1 stocks

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Hancock Prospecting Pty LtdPrivate▲ Positive
Capitalrelevance

Hancock Prospecting's significant investment in SpaceX boosts its portfolio value.

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