BUSINESSJun 16 · 04:30 UTCBUSINESS INSIDERHuileng Tan ([email protected])

A mining billionaire made a major bet on SpaceX — and is eyeing potential ties to Musk's company

Australian mining billionaire Gina Rinehart's Hancock Prospecting invested over $1 billion in SpaceX's IPO, with potential future collaborations in critical minerals. The investment aligns with Rinehart's existing stakes in rare-earth producers Lynas Rare Earths and MP Materials.

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Gina RinehartpersonHancock ProspectingorganizationSpaceXorganizationLynas Rare EarthsorganizationMP Materialsorganizationcritical mineralstopic

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