The Globe and Mail reports in its Thursday edition that Norway's $2.3-trillion wealth fund, the world's largest, held a 0.05-per-cent stake in SpacesX worth $1.22-billion as of June 30 (all figures U.S.). A Reuters dispatch to The Globe says the fund's SpaceX stake is modest when compared against other tech stocks the fund holds. It held a 1.28-per-cent stake worth $62-billion in Nvidia, a 1.24-per-cent stake worth $52-billion in Apple, a 1.17-per-cent stake worth $50-billion in Alphabet, a 1.27-per-cent stake worth $35-billion in Microsoft and a 1.7-per-cent stake worth $34-billion in Taiwan Semi, fund data showed. Investing the Norwegian state's revenues from oil and gas production, the fund owns on average 1.5 per cent of all listed companies globally, making it the world's largest single investor. Over all, the fund is invested in 7,100 companies globally. It also invests in stocks, property and renewable projects. SpaceX shares rallied sharply in the wake of its listing in June, followed by a sharp pullback as investors questioned whether a lofty valuation of 77 times expected revenue could be justified. Founder Elon Musk holds over 80 per cent of voting rights, raising questions about the company's governance.