Hancock Prospecting, the investment company owned by Australian billionaire Gina Rinehart, bought 8 million shares of SpaceX in the second quarter, according to Bloomberg. The position was valued at $1.37 billion as of June 30, making it the firm’s largest single holding. During the same period, Hancock Prospecting also doubled its stake in Trump Media & Technology Group and added to its positions in an S&P 500 ETF as well as several defense and energy stocks. By the end of the second quarter, the total value of its U.S.-listed securities had reached $5.71 billion, up 72% from the previous quarter. The report outlines a broader expansion in the firm’s U.S. equity exposure during the period, with SpaceX emerging as the most significant position in the portfolio.
Hancock Prospecting, the investment company owned by Australian billionaire Gina Rinehart, bought 8 million shares of SpaceX in the second quarter, according to Bloomberg.
As of June 30, the stake was valued at $1.37 billion, making it the firm’s largest single holding.
In the same quarter, Hancock Prospecting doubled its position in Trump Media & Technology Group and increased holdings in an S&P 500 ETF, along with several defense and energy stocks.
By the end of the second quarter, the total value of its U.S.-listed securities stood at $5.71 billion, up 72% from the previous quarter.
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