Gina Rinehart increased her stake in SpaceX to $1.37 billion in the second quarter, increasing her holdings in Trump's media and technology conglomerate

According to Bloomberg, Hancock Prospect, an investment company under Australia's richest person Gina Rinehart, bought 8 million shares of SpaceX in the second quarter, with a market value of $1.37 billion as of June 30, becoming its largest single holding. During the same period, Hancock Prospect doubled its holdings in Trump Media and Technology Group and increased its holdings in the S&P 500 ETF and several defense and energy stocks. As of the end of the second quarter, Hancock Prospect's holdings of US listed securities totaled $5.71 billion, an increase of 72% compared to the previous quarter.