Norway Wealth Fund Posts Record $184.3 Billion Gain, Reveals SpaceX Stake

Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, is the world’s largest sovereign wealth fund and a bellwether for institutional asset allocation. Its performance in the first half of 2026 was lifted by technology shares, including AI chip leader Nvidia, underscoring how the artificial-intelligence boom has become an increasingly important driver of returns for major public investors.

The fund reported a record $184.3 billion profit for the six months ended June 30, 2026. It also disclosed a SpaceX holding for the first time, valuing its 0.05% stake at about $1.22 billion. The investment shows the fund extending its technology exposure beyond listed market leaders into a major privately held company positioned at the intersection of commercial space, satellite communications and AI-related infrastructure.