How one of the world’s richest women helped Musk become trillionaire

Australia’s wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX IPO, The Economic Times writes, referring to the Wall Street Journal.

Rinehart’s company Hancock Prospecting did not confirm the size of its stake in Elon Musk’s SpaceX. However, she said in a statement: “This is a significant investment for Hancock, ‌and we are pleased ⁠to have ⁠received an allocation in what has been an extremely popular and oversubscribed IPO.”

A few days ago, Musk became the world’s first trillionaire after SpaceX, his space exploration and satellite company, went public on the Nasdaq stock exchange, making its shares available to a wide range of investors.