Finance
Norway Wealth Fund: Assessing Whether to Invest in SpaceX
Published by Global Banking & Finance Review®
Posted on April 23, 2026
1 min readLast updated: April 23, 2026
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Norway’s $2.2 trillion sovereign wealth fund is evaluating a potential investment in SpaceX ahead of its anticipated mega IPO, just as the fund reported a hefty Q1 loss tied to global market volatility.
Norway’s Sovereign Wealth Fund Considers Investing in SpaceX Amid IPO Talks
Norway’s Wealth Fund and SpaceX Investment Discussions
OSLO, April 23 (Reuters) - Norway's $2.2 trillion sovereign wealth fund, the world's largest, is assessing whether to invest in SpaceX, the fund's deputy CEO told Reuters on Thursday.
Potential SpaceX IPO and Investment Opportunity
The rocket and satellite company controlled by the world's richest man, Elon Musk, is expected to launch a $1.75 trillion initial public offering, possibly the largest ever, this summer.
Fund’s Dialogue with SpaceX
Asked whether the fund had been approached to be part of SpaceX as an investor, Trond Grande said in an interview: we have dialogue with companies, right? So, we also have dialogue with SpaceX."
Assessment and Ongoing Considerations
When asked whether the fund was assessing whether this could be interesting for the fund, Grande said: "That is what we are doing."
He declined to give further details.
Fund’s Recent Financial Performance
Grande was speaking after the fund reported on Thursday a first-quarter loss of 636 billion crowns ($68.44 billion) as the war in the Middle East weighed on global stocks.
(Reporting by Gwladys Fouche in Oslo, editing by Terje Solsvik)
Key Takeaways
- •The world’s largest sovereign wealth fund is in dialogue with SpaceX about a potential investment.
- •SpaceX is targeting a June‑2026 IPO at an unprecedented $1.75 trillion valuation, aiming to raise around $75 billion.
- •The wealth fund posted a Q1 loss of 636 billion NOK (~$68.4 billion), driven by market declines amid Middle East tensions.
Frequently Asked Questions about Norway wealth fund: assessing whether to invest in SpaceX
1Is Norway's sovereign wealth fund considering investing in SpaceX?
Yes, Norway’s $2.2 trillion fund is currently assessing whether to invest in SpaceX and is having dialogue with the company.
2Who controls SpaceX?
SpaceX is controlled by Elon Musk, currently the world's richest man.
3How large is the expected SpaceX IPO?
The SpaceX IPO is expected to be around $1.75 trillion, possibly the largest ever.
4What recent financial result did Norway's wealth fund report?
The fund reported a first-quarter loss of 636 billion crowns ($68.44 billion) due to the impact of the Middle East conflict on global stocks.
