Billionaire Gina Rinehart's SpaceX Stake Reaches $1.37 Billion, Becoming Her Largest Single Holding

Gina Rinehart, Australia's first female billionaire, saw her investment company purchase approximately 8 million shares of SpaceX in the second quarter. As of June 30, the investment was valued at approximately $1.37 billion, making it the largest single holding in her portfolio.According to regulatory filings, Rinehart's increased position in SpaceX shares reached a value of $1.37 billion, accounting for a significant proportion of her overall portfolio. SpaceX remains a privately held company, with investors primarily gaining exposure through private equity transactions.In addition to SpaceX, Rinehart's investment vehicle also poured hundreds of millions of dollars into U.S. equity markets in the second quarter, further expanding its allocation to U.S. stocks. (Bloomberg)