SpaceX’s Australian rival has a $300m plan to cash in on IPO fervour

Paul SmithTechnology editor
Jul 6, 2026 – 9.49am

When Elon Musk’s SpaceX pulled off its record-shattering $3 trillion public listing last month, Adam Gilmour’s phone in Queensland started running hot.

Investors who once dismissed the space industry as a niche market were suddenly desperate for a piece of the action, and Gilmour, whose billion-dollar valued company Gilmour Space has been touted as Australia’s answer to SpaceX, wants to capitalise on the surge in market interest.

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• Space
• Funding
• Venture capital
• SpaceX
• IPO
• Innovation
• USA
• Amazon
• Elon Musk
• Hostplus
• Singapore
• Hong Kong
• Jeff Bezos
• Japan

Paul SmithTechnology editorPaul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, artificial intelligence, business use of tech, the fast-growing Australian tech industry and start-ups, and national innovation policy from our Sydney newsroom. Send tips to @sayssmithy.99 on encrypted messaging platform Signal. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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