Brookfield Says It Amassed $2 Billion Bet on SpaceX Ahead of IPO

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.

Musk’s rocket, AI and satellite company has filed confidentially for an IPO that could happen in June. SpaceX is targeting a valuation of more than $2 trillion with the listing, Bloomberg previously reported.