Norges Bank Reports $184 Billion Profit, Reveals SpaceX Stake
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowNorway's sovereign wealth fund announced a record half-year profit of over $182 billion, driven by a 9.4% return from a rally in Asian technology stocks. The fund revealed a 0.05% stake in SpaceX, valued at approximately $1.2 billion, marking its first disclosure of investment in the company. Additionally, it holds a 1.3% stake in Nvidia worth $61.8 billion and a 1.2% ownership of Apple valued at $52.7 billion as of June 30. This large profit and exposure to significant tech companies like Nvidia (NVDA) and Apple (AAPL) highlight the fund's position in global equity markets, signaling opportunities for investors.
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