Australia news live: Gina Rinehart sticks with SpaceX investment despite share plunge, citing ‘confidence in Elon Musk, an exceptional and brilliant person’

Gina Rinehart's investment company, Hancock Prospecting, has taken an estimated two hundred eighty-three million dollar paper loss as SpaceX's valuation has slumped, The Guardian reports. Despite the decline, Rinehart is maintaining her position in the space company, expressing continued confidence in Elon Musk as an 'exceptional and brilliant person.'

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