I've been reading some papers carefully, with their proofs (Notations are given at the end).
The following comes from "Braids, mapping class groups and categorical delooping" by Song & Tillmann.
The group completion of $\coprod_{k \geq 0} BB_{k}$ is given by $\mathcal{G}(\coprod_{k \geq 0} BB_{k}) \simeq \mathbb{Z} \times BB_{\infty}^{+} \simeq \Omega^{2}S^{2}$. So,
$BB_{\infty}^{+} \simeq \Omega_0^{2} S^{2}$, where the subscript 0 indicates that only the 0-component is considered.
Now, the following seems to be a well-known result, but I am not able to see how :
$\Omega_0^{2} S^{2} \simeq \Omega^2S^{3}$.
Notations :
Let $B_n$ denote the braid group with $n$ strands, and let $B_{\infty}$ be its direct limit.
For a CW complex $X$, let $\Omega X$ be its loop space, $X^{+}$ its plus construction, and $S^n$ the $n$-sphere.
Given a (discrete) group $G$, we write $BG$ for its classifying space, and $\mathcal{G}$ for its group completion, i.e. $\mathcal{G} = \Omega B$.