Federal authorities have finally given the green light for Gold Coast rocket builder Gilmour Space Technologies to launch Eris, the first Australian-designed and built rocket for orbit. The space tech startup said the weeks after March 15 are the window for its inaugural flight. The Civil Aviation Safety Authority (CASA) and Airservices Australia signed off on… Read more »
Four independent non-executive directors (NED), on the WiseTech board, including chair Richard Dammery, have resigned and will depart from the company when its half-yearly results are released on Wednesday. The other NEDS stepping down are Lisa Brock, Michael Malone and Fiona Pak-Poy. Joining as a new director of the ASX-listed logistics software business is Shearwater… Read more »
Corporate and and financial services the Australian Securities and Investment Commission (ASIC) is seeking feedback on its new regulatory guidance for the buy now pay later (BNPL) sector New laws offering increased protections for consumer users of BNPL kick in from June 2025, treating BNPL as a credit product. That means BNPL providers will need… Read more »
WiseTech Global shares were placed in a trading halt on Thursday morning at the logistic company’s request amid undisclosed governance concerns. Trade is not expected to resume until at least Monday, February 24. An update on the review was expected when the company reports on Wednesday. “The trading halt is requested to enable the Company… Read more »
Zeller cofounder Ben Pfisterer knows better than most what it’s like to deal with banks. The fintech’s CEO, who’s spent his career in payments, including six years building Square in Australia for Jack Dorsey, went on to build a banking alternative that became a unicorn (valued at more than $1 billion) in just two years… Read more »
LaunchVic, has selected 11 new scaleups to be part of the ongoing 30X30 program, which helps fast-growing get their organisational ducks in a row on the path to unicorn status – a $1 billion+ valuation – by the end of the decade. The Victorian government’s startup body developed the fully subsidised four-month program to connect… Read more »
A week after Atlassian announced it would be lead sponsor of the Williams Racing Formula One team, ASX-listed Airtasker is slapping its name on the Visa Cash App Racing Bulls (VCARB) F1 team. It’s not that VCARB is going to be post “Wanted: someone to change 4 tyres in under 2 seconds” on the casual… Read more »
Brag Media cofounder and former CEO Luke Girgis has launched legal action in the NSW Supreme Court against the company that bought his business, ASX-listed Vinyl Group. The acquisition deal dates back to December 2023, when Vinyl (ASX: VNL) announced it would pay $8 million in cash to acquire 100% of The Brag Media and… Read more »
ASX-listed Seek’s venture fund is selling a $95 million portion of its holding in unicorn HR startup Employment Hero to US investment firm KKR. The deal was announced as part of Seek’s (ASX: SEK) half-yearly results today, which saw ANZ revenue declined by 4% to A$416m, reflecting a 14% drop in job ad volumes. Total… Read more »
Car subscription startup Carbar could be a little more public after nine years, having made a takeover bid for ASX-listed rival Carly. The non-binding agreement to merge was announced just before market close on Friday. It will see Carbar acquire all of Carly Holdings Ltd (ASX: CL8) for $160,000 in cash and around $3.64 million worth… Read more »
Australia is “virtually giving [its] world-class science away for free” according to the nation’s industry and science minister, as a panel of experts reviews the country’s struggling Research and Development (R&D) system. The independent review by four industry experts, announced in December and led by Australian-born Tesla chair Robyn Denholm, released a discussion paper on Wednesday as… Read more »
Australian quantum software startup Q-CTRL is ramping up its US presence, hanging up a shingle in San Francisco. The move comes as the city reciprocates the love with the local Chamber of Commerce naming the Sydney software business its 2025 Australian Company of the Year in the Bay area. Q-CTRL plays a key role in… Read more »
Atlassian will join the likes of Red Bull and biotech company BWT as team sponsor in Formula 1 in a long-term deal with British team Williams Racing. Atlassian Williams Racing will debut in Australia in mid-March with the first race of the 24 round 2025 season. Under the partnership, Atlassian is title partner, technology partner… Read more »
Diversity and gender equality might be a dirty words in some political and business circles right now, but not for AirTrunk founder and CEO Robin Khuda, who sold his 9-year-old data centre business last year for $23.5 billion. The freshly minted billionaire, who arrived from Bangladesh nearly 30 years ago as a teen to study… Read more »
Westpac hit the EFT button on $10 million for the online legal services scaleup Lawpath, and plans to entice business customers by offering them subscriptions to the legal compliance platform. The bank’s acting business and wealth boss Peter Herbert, said the exclusive partnership will give startups and small-to-medium sized businesses access to affordable legal services,… Read more »
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