Brookfield has placed a $2 billion bet on Elon Musk's SpaceX ahead of its anticipated initial public offering. The Toronto-based investment firm has acquired $1 billion in SpaceX shares directly, with the remainder held by its affiliates. SpaceX has confidentially filed IPO paperwork with the SEC, targeting a listing by July that could raise between $40 billion and $80 billion, positioning it among the largest tech offerings in history.

The move reflects Brookfield's strategic pivot toward businesses benefiting from artificial intelligence adoption. Beyond SpaceX, the firm has committed approximately $500 million to humanoid robotics developer Figure and invested in next-generation AI platform Hark Labs. Brookfield also participated in the Deployment Co. AI deployment joint venture with OpenAI, demonstrating a comprehensive approach to the AI ecosystem.

SpaceX's potential valuation would make it one of the largest IPOs in history, dwarfing many traditional tech offerings. Brookfield's substantial positioning suggests confidence in the satellite and rocket operator's growth trajectory amid increasing commercial and government demand for space-based infrastructure and AI-powered technologies.