Brookfield Builds $2 Billion Stake in SpaceX Ahead of IPO

business 3 posts · 3 accounts

Brookfield said it owns $2 billion of pre-IPO shares in Elon Musk’s SpaceX, marking a sizable private-market position ahead of the company’s initial public offering. Half of the holding is on Brookfield’s parent-company balance sheet, with the rest held by affiliated entities, as the investment firm seeks exposure to businesses it sees benefiting from the rapid adoption of artificial intelligence.

From the sources (3 posts)

@wsj

Brookfield has picked up $2 billion in shares of Elon Musk’s SpaceX ahead of its initial public offering as the investment firm taps into businesses that stand to benefit from the rapid adoption of artificial intelligence

@stockmktnewz

Brookfield has invested up $2 billion in shares of Elon Musk’s SpaceX ahead of its upcoming IPO - WSJ

@business

Investment firm Brookfield said it owns $2 billion of pre-IPO shares of Elon Musk’s SpaceX, with half on its parent company’s balance sheet and the rest held by other affiliated entities

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