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A mining billionaire made a major bet on SpaceX — and is eyeing potential ties to Musk's company

IPOs & SPACsTechnology & InnovationPrivate Markets & VentureCommodities & Raw Materials

Hancock Prospecting has invested in SpaceX's record-breaking IPO, signaling cross-over interest from a major resources investor into a high-growth technology name. The company also said it sees potential collaboration with SpaceX in critical minerals, a supportive strategic angle for both businesses. The news is constructive but limited in immediate market impact.

Analysis

Hancock Prospecting has invested in SpaceX's record-breaking IPO, signaling cross-over interest from a major resources investor into a high-growth technology name. The company also said it sees potential collaboration with SpaceX in critical minerals, a supportive strategic angle for both businesses. The news is constructive but limited in immediate market impact.

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