Norway wealth fund posts record $184B profit, reveals SpaceX stake

Norway’s sovereign wealth fund has earned a record 1.75 trillion kroner, or about $184.3 billion, in the first half of 2026 while disclosing a $1.22 billion investment in SpaceX for the first time. Asian technology stocks drove the record profit Norges Bank Investment Management reported on Aug. 12 that the Government Pension Fund Global produced a 9.4% investment return during the first half of 2026, taking its profit to 1.75 trillion Norwegian kroner. The result surpassed the previous first-half record of 1.5 trillion kroner, set in 2023. Gains across global equity markets supplied much of the return, with Asian technology…