Gina Rinehart does not appear to have lost money on SpaceX so far; the reporting available says her stake was about US$1 billion and had already risen in value, with one estimate putting the paper gain at about US$425 million after two trading sessions.

What the reports say

  • The stake was reported at more than US$1 billion.
  • One report said that, based on a SpaceX share price move from US$135 to US$192.50, the holding could have grown to about US$1.43 billion.
  • That means the move was described as a paper gain, not a loss.

Why the question is floating around

The confusion likely comes from people mixing up SpaceX’s own operating losses with Rinehart’s investment result. Some reports note SpaceX was still loss- making at the company level, but that does not mean her stake has lost value.

Plain-English answer

As of the latest reports I found, the best-supported answer is: she hasn’t lost anything on SpaceX yet; she may actually be up by hundreds of millions on paper.