Gina Rinehart buys $1.37 billion SpaceX shares in Q2, doubles Trump Media stake

Gina Rinehart, a 72-year-old Australian mining magnate, has invested $1.37 billion in SpaceX shares during the second quarter. This significant investment more than doubles her stake in Trump Media, a company she had previously invested in. The move is notable as it comes after Rinehart's statement in June that she had made a substantial investment in SpaceX, but did not reveal the exact amount. This investment is likely to be closely watched by markets, given the growing presence of high-profile investors in the space industry.

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Gina Rinehart's significant investment in SpaceX indicates confidence in the tech industry. This could lead to increased investor interest in tech stocks.

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