financetom
Technology
financetom
/
Technology
/
Norway wealth fund holds $1.2 billion stake in SpaceX
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Norway wealth fund holds $1.2 billion stake in SpaceX
Aug 11, 2026 10:06 PM

ARENDAL, Norway, Aug 11 (Reuters) - Norway's $2.3 trillion wealth fund, the world's largest, held a 0.05% stake in SpaceX worth $1.22 billion as of June 30, it said for the first time on Tuesday, in an updated list of holdings.

The fund's stake in SpaceX is modest when compared against other tech stocks the fund holds.

It held a 1.28% stake worth $62 billion in Nvidia ( NVDA ), a 1.24% stake worth $52 billion in Apple ( AAPL ), a 1.17% stake worth $50 billion in Alphabet, a 1.27% stake worth $35 billion in Microsoft ( MSFT ) and a 1.7% stake worth $34 billion in Taiwan Semiconductor Manufacturing ( TSM ), fund data showed.

Investing the Norwegian state's revenues from oil and gas production, the fund owns on average 1.5% of all listed companies globally, making it the world's largest single investor.

Overall the fund is invested in some 7,100 companies globally. It also invests in stocks, property and renewable projects.

SpaceX shares rallied sharply in the wake of its record-breaking IPO in late June, followed by a sharp pullback as investors questioned whether a lofty valuation of 77 times expected revenue could be justified.

Founder Elon Musk holds over 80% of voting rights and combines the roles of chair, chief executive officer and chief technology officer, raising questions about the company's governance and the rights of independent shareholders such as the fund.

The Norwegian sovereign wealth fund will hold a press conference on Wednesday at 0800 GMT to present its half-year results.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
9 Analysts Assess DoubleVerify Hldgs: What You Need To Know
9 Analysts Assess DoubleVerify Hldgs: What You Need To Know
Sep 17, 2024
DoubleVerify Hldgs ( DV ) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
What Analysts Are Saying About Lattice Semiconductor Stock
What Analysts Are Saying About Lattice Semiconductor Stock
Sep 17, 2024
In the preceding three months, 12 analysts have released ratings for Lattice Semiconductor ( LSCC ) , presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Sep 17, 2024
Larry Ellison and Elon Musk recently implored Nvidia Corp. ( NVDA ) CEO Jensen Huang for additional GPUs during a dinner at Nobu Palo Alto. What Happened: During a meeting with analysts last week, Ellison, co-founder and CTO of Oracle Corp. ( ORCL ) , revealed that he and Tesla Inc. ( TSLA ) CEO Musk “begged” Huang for more...
EXCLUSIVE: La Rosa To Acquire Real Estate Firm With 950 Plus Agents, Targets 4K Agents And Strong Growth
EXCLUSIVE: La Rosa To Acquire Real Estate Firm With 950 Plus Agents, Targets 4K Agents And Strong Growth
Sep 17, 2024
Tuesday, La Rosa Holdings Corp announced that it has entered into a non-binding Letter of Intent to acquire a real estate brokerage firm with over 950 agents and offices in multiple states. The firm also offers a proprietary cloud-based Software-as-a-Service (SaaS) platform tailored for real estate agents and generated more than $19.0 million in revenue for 2023. CEO Joe La...
Copyright 2023-2026 - www.financetom.com All Rights Reserved