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International Business Times
International Business Times
Business

Norway's Sovereign Wealth Fund Report Stake In SpaceX. Its Stock Rises.

SpaceX Elon Musk Norway NBIM IPO Inflation Nicolai Tangen Tesla Inc. CNBC
SpaceX shares rose back above the company's IPO price on Wednesday after a tame inflation report and the disclosure from Norway's sovereign fund about a stake in the company. (Credit: Getty Images)

SpaceX shares rose back above the company's IPO price on Wednesday after a tame inflation report and the disclosure from Norway's sovereign fund about a stake in the company.

The country's fund, worth about $2.3 trillion, made the disclosure after reporting a record half-year profit of almost $185 billion.

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