Norway's $2.3 trillion sovereign wealth fund posted a record 1.75 trillion Norwegian crowns ($184.3 billion) profit in the first six months of 2026, driven by a surge in global technology stocks, while also revealing for the first time that it holds a $1.22 billion stake in SpaceX.
The fund, which invests revenue generated from Norway's oil and gas industry, said strong equity market performance, particularly among Asian technology companies, helped deliver its best-ever first-half return. The latest portfolio update also provided fresh insight into its growing exposure to leading technology firms, including Elon Musk's aerospace company.
