Markets· August 16, 2026 at 01:03 p.m.
Norway's Government Pension Fund Global Acquires $1.2 Billion Stake in SpaceX
Key takeaways
- Norway's Government Pension Fund Global holds a stake in SpaceX
- The fund's stake is worth $1.22 billion
- SpaceX stock has been volatile since its June debut
The world's largest investment fund, Norway's Government Pension Fund Global, has disclosed a stake in Elon Musk's rocket and satellite company, SpaceX, for the first time. The fund, valued at approximately $2.3 trillion, holds shares in around 7,000 companies across more than 50 countries. This new holding is significant as it signals confidence in SpaceX's stock, which has been volatile since its June debut. Norway's fund holds a 0.05% stake in SpaceX worth $1.22 billion as of June 30, according to Reuters. The size of the position is small compared to the fund's holdings in Nvidia and Apple, but the signal it sends to other investors is crucial.
