Norway's $2.3 trillion sovereign wealth fund posts record half-year profit of over $182 billion, reveals first-time 0.05% stake in SpaceX valued at $1.2 billion
Norges Bank Investment Management (NBIM), which manages the world's largest sovereign wealth fund, reported the record profit driven by strong returns in the equity market, particularly from Asian technology stocks. The fund's first-half report also disclosed its exposure to Elon Musk's space tech giant SpaceX for the first time. As of June 30, the fund's largest holdings include a 1.3% stake in Nvidia worth $61.8 billion and a 1.2% ownership of Apple valued at $52.7 billion.
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