Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips
Billionaire Gina Rinehart has seen her paper profits from SpaceX shares evaporate as the company's stock price fell below its IPO debut value. Despite the decline, analysts suggest the mining magnate remains largely unconcerned by the short-term market volatility.
Gina Rinehart and Elon Musk. The value of Rinehart’s shares in Musk’s SpaceX have fallen since their June debut on the US stock market. Photograph: Supplied by Hancock Prospecting Gina Rinehart and Elon Musk. The value of Rinehart’s shares in Musk’s SpaceX have fallen since their June debut on the US stock market. Photograph: Supplied by Hancock Prospecting Gina Rinehart Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips Analyst says mining billionaire unlikely to be worried by lost paper profits after Elon Musk’s company dipped below its debut share price
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