Australia's wealthiest individual, Gina Rinehart, has significantly expanded her holdings in the U.S. stock market, with her American equity portfolio now valued at approximately $5.7 billion, nearly double its value from three months prior. This increase is detailed in recent filings submitted to the U.S. Securities and Exchange Commission, revealing that Rinehart’s exposure to U.S. stocks grew from $3.3 billion at the end of March to $5.7 billion by the close of June. A key driver behind this surge is her substantial investment in SpaceX, the aerospace and technology firm founded by Elon Musk. Rinehart invested $1 billion in SpaceX during its highly anticipated initial public offering on Nasdaq in June, acquiring around 7.4 million shares. Her involvement with SpaceX has grown further, with additional purchases bringing her total stake to 8 million shares. Despite the high-profile nature of the investment, the value of her SpaceX holding has fluctuated significantly since the IPO. The company was priced at $135 per share upon listing, reaching a peak of $201.80 shortly thereafter before declining to as low as $108 per share in recent weeks. As of Friday, SpaceX shares closed at $140 each, giving Rinehart’s investment a current valuation of roughly $1.4 billion. Beyond SpaceX, Rinehart maintains a presence in other ventures linked to Musk. She holds approximately 21,000 shares in Tesla, Musk’s electric vehicle manufacturer, with her stake currently valued at just under $9 million. Market speculation suggests that Musk might consider merging SpaceX and Tesla into a unified entity in the near future. Rinehart’s financial interests extend beyond the tech sector. She has increased her stake in Trump Media and Technology Group, the parent company of former President Donald Trump’s social media platform Truth Social. Her holdings have more than doubled, rising from 430,000 shares at the end of March to 870,000 shares, with her investment now valued at $6.7 million. This aligns with her broader political affiliations, which include supporting Trump and contributing financially to Pauline Hanson’s One Nation party. In April, Hanson confirmed that Rinehart had purchased a light aircraft to aid in One Nation’s campaign efforts. Recently, the two were spotted together at a luxury resort in Sicily, with Rinehart reportedly funding a portion of the trip. Rinehart’s portfolio includes diverse investments across multiple sectors. She holds shares in prominent U.S.-based technology firms such as Nvidia, Amazon, Alphabet, and Microsoft. Additionally, she has stakes in media conglomerates like Fox Corp, which is headed by Lachlan Murdoch. Outside of these traditional tech and media sectors, Rinehart has placed significant bets on natural resource companies. She has invested $832 million in MP Materials, a rare earth minerals producer, and another $612 million in Teck Resources, a Canadian-based natural resources firm. Hancock Prospecting, Rinehart’s private investment company, has not yet commented on these developments. However, the scale of her investments underscores her growing influence in both the Australian and international financial landscapes. With an estimated net worth of $39 billion, Rinehart continues to expand her reach through strategic investments and political alliances, positioning herself as a formidable player in global markets.
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