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

AI Summary

Gina Rinehart's Hancock Prospecting has made a substantial investment in Elon Musk's SpaceX, reportedly at least $1.4 billion, coinciding with SpaceX's record-breaking IPO. The investment reflects confidence in Musk's ventures and aims at collaboration on AI infrastructure.

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...