Norway wealth fund: assessing whether to invest in SpaceX

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April 23, 2026 6:23 AM EDT

FILE PHOTO: A SpaceX Falcon 9 rocket lifts off from the Cape Canaveral Space Force Station with a payload of Starlink satellites in Cape Canaveral, Florida, U.S., January 10, 2025. The Falcon 9 booster B1067 is the first SpaceX bootser to launch for the 2

OSLO, April ‌23 (Reuters) - Norway's $2.2 ​trillion ​sovereign wealth fund, the world's largest, is assessing whether ‌to invest in SpaceX, the fund's ⁠deputy CEO told Reuters on Thursday.

The ‌rocket and satellite company ‌controlled by the world's richest man, Elon Musk, is expected to ​launch a $1.75 trillion initial public offering, possibly the largest ever, ⁠this summer.

Asked whether the fund had been approached to ​be part of SpaceX as an investor, Trond Grande said in ​an interview: we have dialogue ‌with companies, right? So, we also have dialogue with ⁠SpaceX."

When asked whether the fund was assessing whether this could be interesting ⁠for the fund, Grande said: "That is what ​we are doing."

He declined to give further details.

Grande was speaking after the fund reported ‌on Thursday a first-quarter loss of 636 billion crowns ($68.44 ‌billion) as the war in ⁠the Middle East ‌weighed on ​global stocks.

(Reporting by Gwladys Fouche in Oslo, editing by Terje ‌Solsvik)


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