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FrontRow · Aug 12, 2026

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Norway's $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $182 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%. The fund's first-half report came as its managers revealed a 0.05% stake in SpaceX, valued at just over $1.2 billion, in its first such disclosure of its exposure to Elon Musk's space tech giant. The SpaceX stake is dwarfed by some of its other holdings, including a 1.3% stake in Nvidia worth $61.8 billion and a 1.2% ownership of Apple valued at $52.7 as of June 30. Norges Bank Investment Management (NBIM) manages the fund, which was set up in the 1990s to invest revenues from the country's oil and gas industry. The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across more than 50 countries and has stakes in around 1.5% of the world's publicly listed stocks.

Norway's $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $182 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%. The fund's first-half report came as its managers revealed a 0.05% stake in SpaceX, valued at just over $1.2 billion, in its first such disclosure of its exposure to Elon Musk's space tech giant. The SpaceX stake is dwarfed by some of its other holdings, including a 1.3% stake in Nvidia worth $61.8 billion and a 1.2% ownership of Apple valued at $52.7 as of June 30. Norges Bank Investment Management (NBIM) manages the fund, which was set up in the 1990s to invest revenues from the country's oil and gas industry. The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across more than 50 countries and has stakes in around 1.5% of the world's publicly listed stocks.

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