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Posted on 06/15/2026 9:17:46 AM PDT by SunkenCiv
Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX (SPCX.O), the Wall Street Journal reported on Monday, citing a person familiar with the matter... Hancock is a significant investor in a swathe of rare earths companies including U.S.-based MP Materials, and Rare Earths Americas (REA.A), and Australia's Lynas Rare Earths (LYC.AX), as well as lithium producer Liontown Resources (LTR.AX), among many others. It bulked up its defence, gold and rare-earths holdings in its $3.3 billion U.S. portfolio this year, filings showed last month... While commending Musk's entrepreneurial prowess, Rinehart also called him a patriot for slashing U.S. federal jobs through President Donald Trump's Department of Government Efficiency (DOGE). "SpaceX is yet another clear example of why the world needs more enterprise, more builders and much less bureaucracy," Rinehart said. Rinehart, too, has become increasingly political, encouraging some of Australia's wealthiest voters to shift support from the country's opposition Liberal-National conservatives to populist, anti-migration party One Nation.
(Excerpt) Read more at reuters.com ...
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Hancock Prospecting Executive Chairman Gina Rinehart reacts during the Lest We Forget sunset tribute on the eve of ANZAC Day at Sydney Opera House in Sydney, Australia, April 24, 2025.REUTERS/Hollie Adams
🧑🚀🚀👨🚀👩🚀
I just wanted 1 share....that comes with a certificate bearing Musk's name. Alas...
That’s a BIG BET. You’d think that you wouldn’t be in the position to make a BILLION DOLLAR bet on a stock by being dumb.
I see this as a great sign for SpaceX.
Oh, you mean the stock... whew... 😆 I'd sold my previous position (this is in an IRA) and enough was ready for more punishment to pick up 50 shares just now. I don't think Maalox exists any longer, so when I go to the store in a few, I'll look for a generic version, or some more Tums.
I bought 5 shares! I’m gonna be rich!
I’m very pleased today with the market, I’ve exceeded my 50k day’s profit goal
I was thinking about exiting the software industry such as MSFT when openAI and Antropic goes public. and i was able to liquidate all my shares last week at a minor profit.
I Thank God for his blessing and gave me my second chance at life.
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