Key facts
- Norway's sovereign wealth fund disclosed a $1.22 billion stake in SpaceX.
- The stake was valued as of June 30.
- The fund reported a record $184 billion profit for the first half of the year.
- Technology stocks drove the fund's profit.
- Norway's sovereign wealth fund is the world's largest.
Norway's sovereign wealth fund, identified as the world's largest, has disclosed a substantial investment in SpaceX. As of June 30, the fund held a stake valued at $1.22 billion in the private aerospace company. This revelation was made alongside the fund's announcement of a record profit for the first half of the year. The fund achieved an $184 billion profit during this period, with technology stocks being the primary driver of this strong financial performance. The inclusion of SpaceX, a prominent player in the private space industry, highlights the fund's diverse investment strategy. The fund's overall performance indicates a robust market for technology-related assets.