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Brookfield Bets Big: $2B on SpaceX Pre-IPO
14 May
Summary
- Brookfield owns $2 billion in pre-IPO SpaceX shares.
- Half of the stake is on the parent company's balance sheet.
- SpaceX has confidentially filed for an IPO, possibly in June.
Investment firm Brookfield has disclosed its substantial holdings in Elon Musk's ventures, announcing it possesses $2 billion worth of pre-IPO shares in SpaceX. These significant investments are divided, with $1 billion situated on the parent company's balance sheet and the remaining $1 billion held by various affiliated entities.
This revelation comes at a pivotal moment for SpaceX, as the rocket, AI, and satellite company has reportedly filed confidentially for an Initial Public Offering. Market watchers are anticipating this IPO could materialize as early as June, signaling a new chapter for the rapidly expanding aerospace enterprise.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
