Hancock Prospecting, an Australian mining company, backs SpaceX’s initial public offering after investing more than $1 billion in the company, according to reports. The IPO has officially debuted on Nasdaq this week. Sources describe it as the largest capital raise in history, highlighting the scale of the offering and the role of Hancock’s pre-IPO investment. The coverage focuses on Hancock’s commitment to SpaceX ahead of the listing and notes that the company’s backing is tied to the IPO’s high-profile market debut. While the reports emphasize the funding amounts and the IPO’s record-setting character, they do not provide detailed figures on the total shares offered, the final pricing, or the number of investors participating beyond the mention of Hancock’s investment. Overall, the information across outlets centers on the same timeline: Hancock’s investment more than $1 billion in SpaceX, followed by SpaceX’s Nasdaq listing and claims that the IPO is the largest capital raise on record.