Gina Rinehart's A$700m SpaceX IPO Profit Erased as Stock Price Falls

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Finance

17 July 2026 at 11:25 am

Gina Rinehart's A$700m SpaceX IPO Profit Erased as Stock Price Falls

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Summary

Gina Rinehart's estimated A$700m profit from SpaceX's IPO has been wiped out as the company's stock price dipped below its debut share price of US$135 to $131.11 on Thursday. This loss affects thousands of Australian investors.

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