Brookfield Corporation disclosed a $2 billion pre-IPO stake in SpaceX during its first-quarter results. The investment includes $1 billion held directly on Brookfield's balance sheet. Affiliated entities own the remaining $1 billion.
The disclosure aligns with Brookfield’s strategy to invest in companies benefiting from artificial intelligence adoption. This initiative includes a $500 million commitment to humanoid robotics developer Figure and other AI-related ventures.
Brookfield Corporation's stock price increased following the announcement.