Anthony Macdonald

It's not fake.

It's actual money that's gone into the business.

But it's gone into the business at an ever-rising valuation.

And Firmus is now up to, apparently it's worth $7.7 billion.

I think that number is still going north.

And that's bigger than a bunch of companies in ASX 100.

So we've got this thing that feels like a bolt from the blue.

It's been raising a lot of money.

It's now pitching to fund managers for the first time.

It's created a huge buzz.

And I'm not saying it's a good IPO investment or it's not a good IPO investment or what, but the buzz is there.

And it's all because it shapes as potentially the next big thing in a market of people that just want to know about the next big thing.

Like GYG is great because, you know, if this was GYG, you'd turn up and have burritos.

But James, I'm interested.

Like you called this the biggest float in a generation at the top of the show.

Are you talking about size there or hype or something else?

Am I over-rigging it?

You're right.

It's a moment and it's a test.

So in the US, they're having this same debate about a company called SpaceX.