Gina Rinehart's SpaceX Stake Hits $1.37B, Becoming Her Largest Single Investment

Australian billionaire Gina Rinehart acquired 8M SpaceX shares in Q2, valuing the position at $1.37B. This marks her biggest single holding, alongside hundreds of millions deployed into U.S. equities.

Woofun AI reports that Australian billionaire Gina Rinehart's investment firm purchased approximately 8 million shares of SpaceX during the second quarter. As of June 30, this position was valued at roughly $1.37 billion, establishing it as the largest single holding in her portfolio. Regulatory filings confirm that the increased stake reached this valuation, representing a significant portion of her total assets.

Additionally, Rinehart's firms invested hundreds of millions of dollars into the U.S. stock market in the second quarter to expand their American equity holdings.