ON
🔍
← Back to feed
JapanEconomy2 days ago

Nippon Life's early SpaceX bet may deliver billions in profit

Nippon Life Insurance, Japan's largest life insurer, holds a significant stake in SpaceX, founded by Elon Musk in 2002, through a venture capital fund. The investment, made over 10 years ago, is now generating a potential paper profit of up to $3 billion.

Finance

For over 10 years Nissay has had a stake in Musk's rocket company, whose market value is $2.4tn

Nissay has held a stake in SpaceX, founded by Elon Musk in 2002, through a venture capital fund for more than 10 years, sources told Nikkei. (Nikkei montage/Source photos by Rie Ishii and Getty Images)

KENSHO MOTOWAKI

June 19, 2026 13:19 JST

TOKYO -- Nippon Life Insurance, Japan's largest life insurer, is sitting on a paper profit of up to $3 billion on its SpaceX stake, sources told Nikkei, underscoring the investment clout of one of the nation's largest institutional investors.

Read the full article at Nikkei Asia →
Source document: Nippon Life Insurance

1 reports

Nikkei AsiaIndependent🔒Center
Nippon Life's early SpaceX bet may deliver billions in profit

Nippon Life Insurance, Japan's largest life insurer, holds a significant stake in SpaceX, founded by Elon Musk in 2002, through a venture capital fund. The investment, made over 10 years ago, is now generating a potential paper profit of up to $3 billion.

Bias read (Center): The article reports on a financial investment and its potential returns without taking a stance on political issues. It focuses on economic performance and does not frame the content with political bias.

Official sources cited

  • organisation Nippon Life Insurance
  • organisation SpaceX

Go to the primary sources (2)

The official sources this coverage is built on. Read them directly to bypass framing.

  • organisationNippon Life Insurance
  • organisationSpaceX