Norway's sovereign wealth fund holds a $1.2 billion stake in SpaceX. This was reported by Qazaqyia.kz citing Reuters.
The Norwegian sovereign wealth fund is one of the largest state investment funds in the world. Its stake in SpaceX is one of the investments in the company's private shares. This investment reflects the fund's interest in technology startups.
SpaceX is an aerospace company founded by Elon Musk, which develops space rockets and capsules. The company is highly valued, and its shares are sold on the private market.
The Norwegian fund's move is seen as part of its portfolio diversification strategy. The fund has previously invested in technology companies.
According to Reuters, the fund's stake in SpaceX is $1.2 billion. This information is stated in the fund's official documents.
The Norwegian sovereign wealth fund is one of the largest in the world, with assets totaling trillions of dollars. The fund's investment strategy is focused on long-term growth.