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Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips

TradeNews USA US markets desk (2026-07-17): Analyst says mining billionaire unlikely to be worried by lost paper profits after Elon Musk’s company dipped below its debut share price Follow our Australia… Primary source: original at Guardian Markets (theguardian.com).

July 17, 2026 12:15 AM ET · Guardian Markets

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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Gina Rinehart is among thousands of Australians who have lost money on Elon Musk’s SpaceX, as the tech company’s share price crashes back to earth.

SpaceX shares closed below their debut price of US$135 a share during trading on Thursday, at $131.11.