World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time

Norway’s $2.3 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), reported a record half-year profit of more than $182 billion on Wednesday. The return was 9.4%, helped by a rally in Asian technology stocks. In its first public disclosure of its exposure to Elon Musk’s SpaceX, NBIM said it holds a 0.05% stake valued at just over $1.2 billion. That position is smaller than other major holdings, including a 1.3% stake in Nvidia worth $61.8 billion and a 1.2% ownership of Apple valued at $52.7 billion as of June 30.