Australia news live: Gina Rinehart still confident in ‘brilliant’ Elon Musk despite $280m paper loss on SpaceX investment

Per The Guardian, Australian mining magnate Gina Rinehart's Hancock Prospecting has taken an estimated two hundred eighty-three million dollars in paper losses as shares of Elon Musk's SpaceX have slumped. Despite the hit, Rinehart says she remains confident in Musk, calling him "brilliant."

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