Financial Highlights: Sovereign Wealth Fund Invests in SpaceX, Maryland Sues Prediction Markets
Financial Highlights: Sovereign Wealth Fund Invests in SpaceX, Maryland Sues Prediction Markets
Norway's sovereign wealth fund has disclosed a significant $1.22 billion holding in Elon Musk's SpaceX. Separately, Maryland officials have initiated legal action against prediction market platforms Kalshi and Polymarket, alleging they are operating unlicensed sports betting services that circumvent state regulations.
Norway's sovereign wealth fund disclosed its first-ever 0.05% holding in SpaceX worth $1.22 billion as of June 30. The move comes alongside a record half-year profit of $184 billion.
Baltimore city leaders have filed lawsuits accusing Kalshi and Polymarket of operating unlicensed sports betting platforms that skirt state regulations.