Brookfield Reveals $2B SpaceX Stake Ahead of Potential $2T IPO
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Brookfield (BN) has revealed a $2 billion stake in SpaceX, with half on its balance sheet and the rest held by affiliates. This announcement comes as SpaceX prepares for a potential $2 trillion IPO. Brookfield also invested $500 million in Figure, a humanoid robot developer, and has a history of backing Musk-related ventures, including a $250 million investment in Twitter's buyout. Analysts rate BN stock as a Strong Buy, with a target price of $58.70, indicating a 21.8% upside potential.
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