Norway’s Sovereign Wealth Fund Hits Record Half-Year Profit, Bets on SpaceX

Norway’s $2.3 trillion NBIM sovereign wealth fund posted a record first-half profit of about $185 billion, helped by a 9.4% equity gain led by Asian technology stocks. The fund, which holds around 7,000 companies globally and emphasizes US equities (roughly 40%), lists Nvidia, Apple and Tesla among its top holdings and disclosed a 0.05% SpaceX stake worth about $1.2 billion, illustrating growing exposure to Elon Musk‑led companies while noting that fund values can rise and fall.