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Norway's sovereign fund reveals $1.2B stake in SpaceX as stock nears IPO price.

Market News
12 Aug 2026
Finbold
View Source
Bullish
Norway's sovereign fund reveals $1.2B stake in SpaceX as stock nears IPO price.

Norway's Government Pension Fund Global disclosed a 0.05% stake in SpaceX valued at about $1.23 billion as of June 30, 2026. This stake represents roughly 6.59 million shares, with SpaceX's stock trading near its IPO price and a market cap of $1.8 trillion. The fund, which posted a record $184.3 billion profit in H1 2026, sees potential in SpaceX's growth driven by Starship, Starlink, and AI projects. Analysts project a 73% upside in SpaceX's stock over the next year, highlighting strong future profit prospects for the fund.

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