Australia's Richest Billionaire Bets $1B on SpaceX Before Public Listing

Gina Rinehart's mining company Hancock Prospecting bought a stake exceeding $1 billion in SpaceX on June 15, 2026, making her a major pre-IPO investor in Elon Musk's aerospace venture. The move signals growing appetite among Australia's wealthy investment groups to deploy capital into U.S. private technology infrastructure ahead of SpaceX's anticipated public offering.