Australia's Richest Person Invests $1 Billion in Private SpaceX

Gina Rinehart's Hancock Prospecting acquired a stake exceeding $1 billion in SpaceX on June 15, 2026, positioning Australia's wealthiest individual as a significant pre-IPO investor in Elon Musk's aerospace company. The mining conglomerate participated in a structured liquidity round, a departure from Rinehart's core iron ore holdings. The size signals growing appetite among Australian family offices to deploy capital into U.S. private technology infrastructure ahead of SpaceX's anticipated public offering.