Norway’s $2.3 trillion wealth fund posts more than $182 billion first-half profit and reveals 0.05% SpaceX stake
AI Market Summary
Norway's $2.3T sovereign wealth fund reported a record $182B first-half profit (9.4% return), attributing gains largely to a rally in Asian technology equities. The disclosure underscores continued institutional exposure to mega-cap tech, with Nvidia and Apple among its largest holdings, supporting risk sentiment around the sector. The newly disclosed SpaceX stake is small versus public-market positions and is less directly market-moving.
Impact level
● Medium
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Norway’s $2.3 trillion sovereign wealth fund reported a record first-half profit of $182 billion and a 9.4% return, lifted by a rally in Asian technology stocks. The fund also disclosed a 0.05% stake in SpaceX valued at about $1.2 billion. It said the SpaceX holding was smaller than its stakes in Nvidia worth $61.8 billion and Apple valued at $52.7 billion. Chief Executive Nicolai Tangen said strong equity-market gains were the main driver, according to CNBC.
