{"id":49635,"date":"2026-08-14T16:55:57","date_gmt":"2026-08-14T16:55:57","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49635"},"modified":"2026-08-14T16:55:57","modified_gmt":"2026-08-14T16:55:57","slug":"2499248649828-wealth-fund-discloses-billion-dollar-stake-in-elon-musks-spacex","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49635","title":{"rendered":"$2,499,248,649,828 Wealth Fund Discloses Billion-Dollar Stake in Elon Musk\u2019s SpaceX"},"content":{"rendered":"

\"\"<\/p>\n

Norway\u2019s enormous sovereign wealth fund, Norges Bank Investment Management, has taken a substantial position in SpaceX, the leading private space firm founded by Elon Musk.<\/p>\n

The Nowergian sovereign wealth fund disclosed that it owns roughly 7.3 million Class A shares in SpaceX, representing a 0.05 percent stake valued at $1.22 billion as of June 30th, reports<\/a> The Globe and Mail.<\/p>\n

Norges Bank Investment Management revealed the position in an updated holdings list released this week alongside results showing a record first-half profit of $184 billion driven largely by technology investments.<\/p>\n

SpaceX shares surged after the company\u2019s major IPO in late June before easing amid scrutiny over a valuation that is nearly 77 times projected revenue.<\/p>\n

The new holding stays modest next to the fund\u2019s bigger technology positions, such as a 1.3 percent stake in Nvidia worth nearly $62 billion and a 1.2 percent Apple holding valued at about $53 billion. Norges Bank Investment Management also holds a 1.17% stake valued at $50 billion in Google parent Alphabet, a 1.27% stake valued at $35 billion in Microsoft and a 1.7% stake valued at $34 billion in contract chip maker Taiwan Semiconductor Manufacturing.<\/p>\n

Norges Bank Investment Management invests Norway\u2019s oil and gas revenues across roughly 7,100 companies worldwide and typically hold an average 1.5 percent of listed firms globally.<\/p>\n

The disclosure follows earlier indications that the fund had been evaluating SpaceX as a potential investment opportunity. The Norwegian sovereign wealth fund currently has approximately $2.5 trillion in assets, according<\/a> to the Sovereign Wealth Fund Institute.<\/p>\n

The post $2,499,248,649,828 Wealth Fund Discloses Billion-Dollar Stake in Elon Musk\u2019s SpaceX<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Norway\u2019s enormous sovereign wealth fund, Norges Bank Investment Management, has taken a substantial position in SpaceX, the leading private space firm founded by Elon Musk. The Nowergian sovereign wealth fund disclosed that it owns roughly 7.3 million Class A shares in SpaceX, representing a 0.05 percent stake valued at $1.22 billion as of June 30th, […]<\/p>\n","protected":false},"author":1,"featured_media":49636,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49635","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\n$2,499,248,649,828 Wealth Fund Discloses Billion-Dollar Stake in Elon Musk\u2019s SpaceX - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49635\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$2,499,248,649,828 Wealth Fund Discloses Billion-Dollar Stake in Elon Musk\u2019s SpaceX - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Norway\u2019s enormous sovereign wealth fund, Norges Bank Investment Management, has taken a substantial position in SpaceX, the leading private space firm founded by Elon Musk. 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