Norway's $2.3 trillion sovereign wealth fund has publicly disclosed a stake in SpaceX for the first time, revealing that it held a 0.05% position in Elon Musk's private space exploration company valued at $1.22 billion as of June 30.

The disclosure marks the first time the fund has publicly reported an investment in SpaceX, which remains a privately held company. Officially known as the Government Pension Fund Global and managed by Norges Bank Investment Management (NBIM), the Norwegian fund is widely recognized as the world's largest sovereign wealth fund.

In addition to its newly revealed SpaceX holding, the fund maintains significant positions in major publicly traded technology companies, including Nvidia, Apple, Alphabet, and Microsoft. The SpaceX investment reflects a broader trend in which major institutional investors are increasingly seeking exposure to high-growth private companies, as such firms raise capital at multibillion-dollar valuations while deferring public listings.

Founded by Elon Musk in 2002 and headquartered in Hawthorne, California, SpaceX develops and manufactures advanced rockets and spacecraft. The company remains private and is not listed on any public stock exchange, meaning that ownership stakes are typically disclosed through regulatory filings or fund reports rather than public market transactions. SpaceX has periodically conducted funding rounds and tender offers that enable employees and early backers to sell shares, creating limited opportunities for outside institutions to acquire positions.

The Norwegian sovereign wealth fund, which invests the country's petroleum revenues across global equities, fixed income, and real estate, regularly publishes holdings reports that provide insight into its investment portfolio. SpaceX has not announced plans to pursue a public listing, and until such a step is taken, disclosures like Norway's provide rare visibility into which institutional investors hold stakes in one of the aerospace industry's most closely watched private companies.