Norway's sovereign wealth fund, described by CNBC as the world's largest, posted a record $184bn profit and disclosed a stake in SpaceX for the first time, according to CNBC. The fund is valued at around $2.34tn.
Key facts
- CNBC reports the fund posted a record profit of $184bn.
- CNBC reports the fund disclosed a stake in SpaceX for the first time.
- The fund is currently valued at around $2.34tn, according to CNBC.
- The fund is an investor in more than 7,000 companies across 60 countries.
- The size and value of the SpaceX stake were not specified in the source.
Norway’s sovereign wealth fund, which CNBC describes as the world’s largest, has reported a record profit of $184bn, according to CNBC. The fund is currently valued at around $2.34tn.
Alongside the earnings, the fund disclosed a stake in SpaceX for the first time, CNBC reported. The size and value of the holding were not specified in the source.
The fund is an investor in more than 7,000 companies across 60 countries, according to CNBC.
Further details of the SpaceX disclosure, including when the stake was acquired and its value, were not available in the source.
Why it matters
The fund's scale — investments in more than 7,000 companies across 60 countries and a valuation of around $2.34tn — means its results and holdings are widely tracked by investors. Its first disclosure of a SpaceX stake, as reported by CNBC, marks a new investment for the fund, though further details were not provided.
Frequently asked questions
How large is the fund?
According to CNBC, the fund is currently valued at around $2.34 trillion, making it the world's largest sovereign wealth fund.
How much profit did the fund report?
The fund posted a record profit of $184 billion.
How many companies does the fund invest in?
The fund is an investor in more than 7,000 companies across 60 countries.