Gina Rinehart’s SpaceX stake reaches $1.37 billion, becoming her largest single holding

Australian mining billionaire Gina Rinehart has built a major position in SpaceX through her investment company, according to a report cited by Odaily and sourced to Bloomberg. In the second quarter, the firm bought roughly 8 million shares of SpaceX. As of June 30, the stake was valued at about $1.37 billion, making it the largest single holding in her portfolio. Regulatory filings showed that the increased SpaceX position accounted for a significant share of the overall portfolio. The disclosure points to a sizable concentration in the private aerospace company within Rinehart’s broader investment book. Beyond SpaceX, Rinehart’s investment vehicle also deployed several hundred million dollars into the U.S. stock market during the second quarter, adding to its exposure to U.S. equities. Bloomberg was cited as the source of the report. The filing did not provide further detail in the supplied text on the exact breakdown of those additional U.S. stock purchases.