Norway wealth fund: assessing whether to invest in SpaceX

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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