Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceInvestorBrookfield says it amassed US$2-billion bet on SpaceX ahead of IPOElon Musk’s rocket, AI and satellite company has filed confidentially for an IPO that could happen in JuneAuthor of the article:Last updated 1 day ago You can save this article by registering for free here. Or sign-in if you have an account.A SpaceX Falcon 9 rocket is displayed at a SpaceX facility in Hawthorne, California. Photo by Mario Tama/Getty Images filesInvestment firm Brookfield said it owns US$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.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorMusk’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 US$2 trillion with the listing, Bloomberg previously reported.Brookfield also committed US$500 million to developer of humanoid robotics Figure, and invested in Hark Labs, according to the firm. Brookfield Corp. discussed the investments in its first-quarter earnings materials released Thursday.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againBrookfield has invested in Musk’s various companies for several years. Its now-defunct Brookfield Growth division provided US$250 million in 2022 to help fund Musk’s buyout of Twitter Inc., the social media platform now known as X.The check was the largest ever written by Brookfield Growth at the time and somewhat different from its other bets. The firm shuttered the venture unit last year and shifted some assets and staff to a division known as Pinegrove Capital. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.