Norway wealth fund weighs SpaceX investment ahead of planned IPO By Investing.com

Investing.com -- 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 Elon Musk is expected to launch a $1.75 trillion initial public offering this summer.

When 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."

Grande confirmed the fund is assessing whether this could be interesting for the fund but 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.

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