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

The Australian billionaire said her investment reflected her confidence in the world’s first trillionaire following the record-breaking IPO 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 $1.4bn. Continue reading...

By Luca Ittimani