Norway's $2.3 Trillion Wealth Fund Reveals $1.2 Billion Investment in SpaceX
Norwegian Wealth Fund's SpaceX Stake and Global Investments
Disclosure of SpaceX Investment
ARENDAL, Norway, Aug 11 (Reuters) - Norway's $2.3 trillion wealth fund, the world's largest, held a 0.05% stake in SpaceX worth $1.22 billion as of June 30, it said for the first time on Tuesday, in an updated list of holdings.
Comparison with Other Tech Holdings
The fund's stake in SpaceX is modest when compared against other tech stocks the fund holds.
Fund's Investment Strategy and Global Reach
Origins and Ownership
Investing the Norwegian state's revenues from oil and gas production, the fund owns on average 1.5% of all listed companies globally, making it the world's largest single investor.
Diversification Across Sectors
Overall the fund is invested in some 7,200 companies globally. It also invests in stocks, property and renewable projects.
Reporting Credits
(Reporting by Gwladys Fouche in Arendal, editing by Terje Solsvik)
