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The Latest Breaking News from Hancock Prospecting

How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet

Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia's PIF also hold substantial stakes.

The Economic Times

ABC apologises to Gina Rinehart over controversial Race Around the World episode

Hugh Marks says broadcaster will change its policies after Rinehart’s company said crude joke posed ‘serious risks’

The Guardian - AU

Fruity film fantasy riles free speech fan Rinehart

Gina Rinehart has threatened legal action against the national broadcaster after a short film concocted a crude fantasy involving the Hancock Prospecting boss.

AAP

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Gina Rinehart threatens ABC with legal action over Race Around the World program

Hancock Prospecting calls for removal of program which included crude joke, saying continued publication poses serious risk to Rinehart

The Guardian - AU

Gina Rinehart paid $1.2 million to Australia’s Commonwealth Games swimmers. Is there any problem with that?

Australia’s swimming team dominated the pool at the Glasgow Commonwealth Games.

The Conversation

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

The Guardian - AU

Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space

Billionaire also tells summit land could be given to skilled Israelis to build ‘advanced war drones’, according to Hancock Prospecting notes

The Guardian - AU

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Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

The Times of India

Australia’s richest person just bought a SpaceX stake worth more than $1 billion. ‘Elon has done what very few people in history have done’

Gina Rinehart, a mining mogul, is backing the rocket maker, citing Musk’s record on space travel and government.

Fortune

Australia's richest person Rinehart takes $1 billion stake in SpaceX IPO, WSJ reports

Australian mining baron Gina Rinehart has invested more than one billion dollars in Elon Musk's SpaceX. This significant investment comes as SpaceX's initial public offering set records. Rinehart's company, Hancock Prospecting, sees potential for future collaboration with SpaceX on critical mineral supplies. SpaceX shares saw a strong debut, increasing the…

The Economic Times

Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPO

The Guardian - AU

Gina Rinehart bankrolls purchase of 10% stake in Seven network owner Southern Cross Media

The $26m deal involving media executive Bruce McWilliam signifies return to media business for mining billionaire after previous holdings in Fairfax and Ten

The Guardian - AU

Pauline Hanson claimed $16,000 for private charter despite claiming floods tour was at ‘no cost to taxpayer’

One Nation leader and Barnaby Joyce flew on Gina Rinehart’s plane from the Sunshine Coast to Mount Isa before taking charter to tour flood-affected communities

The Guardian - AU

Rinehart legal saga reignites, Hancock lodges appeal

The epic legal battle between the company owned by billionaire Gina Rinehart and the heirs of iron ore pioneer Peter Wright is set for another chapter.

AAP

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The Guardian - AU

Has Gina Rinehart ‘bought’ One Nation? Pauline Hanson has the billionaire’s backing – and she’s super happy

From luxury flights and Kidman-branded country attire to a steak dinner and meat pies, the rapidly expanding party is reaping the bounty of Australia’s richest person. Will voters pay the price?

The Guardian - AU

Gina Rinehart calls for immigrants’ social media to be screened in Anzac memorial speech

Mining magnate also claims children are being taught to be ashamed of the Australian flag in a speech to 4,000 people on the Sydney Opera House steps

AAP

Rinehart could be ordered to give documents to rivals

Australia's richest person, Gina Rinehart, might have to open her company books for two rival mining dynasties after a bitter legal feud over iron ore riches.

The Guardian - AU

Iron will: Australia’s richest person counts the cost as court orders she share mining millions with rival family

Gina Rinehart, who’s been called Australia’s ‘female Donald Trump’, has long fought claims from the family of her father’s business partner – as well as her own children

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The Guardian - AU

Gina Rinehart has been forced to share her riches. But will she fight on or end the family feud?

A 15-year court battle costing millions of dollars ended in a partial defeat for the tycoon. Will she now bury the hatchet or double down and keep fighting her children and rivals?

The Guardian - AU

Who is the rival family pitted against Gina Rinehart in a long-running court case – and is she still the richest person in Australia?

The supreme court has handed down its judgment in a case over mining royalties. Here’s what you need to know

The Independent UK

Australia’s richest person ordered to share mining royalties after decade-long dispute

Gina Rinehart told to pay descendants of her late father’s business partner

The Guardian - AU

Gina Rinehart’s son says he wants to be a ‘united family’ in olive branch to mother after court ruling

John Hancock welcomes findings on ownership of mines and companies although judge says dispute should be determined in private arbitration

The Guardian - AU

Afternoon Update: Rinehart rivals to receive royalty windfall; Victoria’s political donation laws ruled unconstitutional; and Nicole Kidman’s next role

Ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore project

The Guardian - AU

Gina Rinehart’s Hancock Prospecting to pay hundreds of millions’ worth of royalties to rival family in ‘half loss half win’

Landmark ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore project

AAP

Rinehart saves Hancock crown jewels, but rivals cash in

Billionaire Gina Rinehart will be forced to pay hundreds of millions of dollars to two rival mining dynasties after a bitter legal feud over iron ore riches.

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