World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time - CNBC
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Norway's sovereign wealth fund posted a record $184 billion profit, buoyed by an Asia tech stock rally (WSJ)
- The fund disclosed its SpaceX stake for the first time, while its CEO warned the fund's entire value could be lost if markets collapse (Reuters)
Why it matters: At roughly $2.3 trillion, this is the world's largest sovereign wealth fund, so its first-ever SpaceX disclosure signals growing sovereign exposure to private space and AI companies. The CEO's warning that the entire portfolio could be wiped out in a market collapse underscores the scale of systemic risk the fund sees even after record gains.
Ask SkimNews
