It’s not just Gina Rinehart who failed to make a killing on SpaceX

August 11, 2026 — 3:32pm

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There are more than 28,000 Australian retail shareholders nursing a SpaceX sentiment sag – albeit, they are in good company alongside our country’s richest person, Gina Rinehart.

After Australia’s retail investors were given special permission (via prospectus additions) to buy directly into this blockbuster US float of Elon Musk’s rocket business in June, it was an irresistible punt for a cohort well known for their love of betting.

For Rinehart, investing $1.4 billion of her fortune into SpaceX reflected her well established Musk fan-girl credentials. It’s a big number, even if she can afford to lose some of it.

But for the other 28,000-plus Australian mum and dad punters, there hasn’t been much joy or excitement in the financial return on their investment.

After being the most hyped float of all time, the shares have spent half their public market life below the issue price. The only big winners were those that sold in the first week.

This week, the SpaceX share price has........

© Brisbane Times