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Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips

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 priceFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart is among thousands of Australians who have lost money on Elon Musk’s SpaceX, as the tech company’s share price crashes back to earth.SpaceX shares closed below their debut price of US$135 a share during trading on Thursday, at $131.11.

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