Norges Bank Investment Management, which manages Norway’s $2.2 trillion sovereign wealth fund, has disclosed its first-ever stake in SpaceX, valued at approximately $1.22 billion. The position represents 7.3 million Class A shares, or a 0.05% stake in Elon Musk’s company, acquired during SpaceX’s record-breaking IPO in June 2026. The offering raised $75 billion and valued the company at approximately $1.77 trillion. The investment remains modest for a fund of this size; for comparison, its stake in Nvidia is valued at approximately $62 billion.
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