Gina Rinehart Takes More Than $1 Billion Stake in SpaceX IPO as Shares Surge on Debut
Australia’s wealthiest person, Gina Rinehart, through Hancock Prospecting, has taken a stake of over $1 billion in the $75 billion SpaceX IPO. Hancock confirmed it received an allocation in the heavily oversubscribed offering and flagged possible future commercial arrangements to supply minerals needed for SpaceX operations. SpaceX shares jumped 19…