Steve Baxter

speaker

1,374 appearances 1 recordings 1 series first heard Aug 2026 last heard 2 Aug

Steve Baxter’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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Straight Talk with Mark Bouris · Ex-Army Soldier & Defence Investor Steve Baxter on how War has changed forever · 2 Aug 2026 podcast

So these things just die.

Yeah.

So I thought, well, I know a better way to do this.

And I know there's a larger customer, which is the US.

So the US Department of War at that stage was spending about $800 billion a year, US on defense.

We were spending about $30 billion US dollars on defense at that point.

And so there's an opportunity here to take this great capability, find that exquisite customer user market budget loan in the US, get into that market, get the high revenues, get the multiple uplift because they're very undervalued in Australia.

So the real opportunity is the buy side equation.

These things are that unloved.

They're very cheap to buy, to be quite blunt.

So our role is to get them into the US, get them revenue, and get them rated as a US company to go from a two or three times revenue multiple, for example, to a 30 to 100 times revenue multiple.

You buy the equity here in Australia.

So when we invest in a startup here, it's irrationally unloved.

So, for a variety of reasons, defense assets here at Russian Unlocked, the perception of the market is there's one customer in the Australian Defense Force.

Right.

That's not true.

There's 33 customers we can sell to.

In Australia?

There's 33 allied customers we can sell to.

Right.

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