Anthony Macdonald

Elon Musk's company is trying to raise US $80 billion.

That's more than what Westpac or ANZ or National Australia Bank's worth.

It's trying to raise that for its IPO.

And that US $80 billion is only worth a couple of percent of the company.

This thing's worth a trillion dollars or more.

We don't have those in Australia.

But what we do have is we have this quite contentious data center, either startup or scale up, depending how you look at it, wanting to raise, I don't know, maybe a billion dollars, $2 billion.

We'll see the float.

That's something like a, I don't know, $10 billion valuation, which for us, it's really big.

But I think you nailed it as to why it matters is because the biggest story in capital markets is AI.

This is the turbocharged Australian, highly leveraged play on AI and where AI is going.

If you're a believer in AI and if you're a believer in, you know, Anthropix, Claude, OpenAI, ChapGPT, Google, Gemini, and the rest, they're going to need these AI factories to house their models in.

That's where Firmus fits in.

It wants to build these factories.

But you'll also be backing a business that's got very little track record in actually doing anything.

It is still getting off the ground.

And at the moment, if you look at it, it's basically a bucket of contracts and it's done fantastically well to sign huge contracts with some of the biggest players in the world.

It's got meta platforms in the US, biggest social media company in the world.

It's got Blackstone, the biggest private markets financier in the world.

It's got Nvidia, the biggest company in the world.