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Stephen Mayne

đŸ‘€ Speaker
1640 total appearances
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Appearances Over Time

Podcast Appearances

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

I mean, how can you just make a forecast like that?

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Gina's put a billion in and she's already half a billion in front, US, on paper.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

She jumped to the front of the queue.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

I thought, well, us ComSec people are getting scaled back, you know, 10 down to four, and there's Gina looping to the front of the queue with a billion US.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Thanks for coming.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Yeah.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

But Elon was running a chairman's list.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Have you heard of the concept of a chairman's list?

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Where when you have a capital raising, the chair gets to decide who gets the stock.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

So getting on the chairman's list is always a way to cue jump.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

And Gina was obviously near the top of the chairman's list.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

And you see they've taken the extra $10 billion, so it's not

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

It's now not a $75 billion US raise.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

It's an $85.7 billion US raise.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

They don't get commission on the extra 10%.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Oh, extra 15%, actually.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

So it's $10 billion at 15%.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Yeah, they don't get commission.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

So the fees are about $500 million US across the lot.

The Money Café with Alan Kohler
Blast Off: The SpaceX Float

Only about 0.7%, which was quite low, I thought.