On The Call

← On The Call1 oct. · 23 min

The data centre debate gets real: Goodman's setback and Firmus' nearing IPO.

The data centre debate gets real: Goodman's setback and Firmus' nearing IPO.1 oct.23 min

<p>Goodman Group has abandoned its $1.2 billion Lane Cove data centre after a fierce community and political backlash, raising questions on if Australia&#39;s AI infrastructure boom is hitting its first real  bump. Meanwhile, Firmus confirms its long-rumoured deal with Meta — worth up to USD750 million in annual earnings. Plus Wall Street heavyweight Millennium emerges as a surprise appearance at Firmus’ IPO presentation, as the hedge fund expands its Australian presence.</p><p><br></p><p><strong>We discuss:</strong></p><ul><li>Why Goodman Group pulled the plug on its Project Mars data centre</li><li>Whether Lane Cove is a one-off or the first sign of deeper distaste towards data centres among Australians</li><li>The role of red tape and bureaucratic hurdles in Goodman’s withdrawal.</li><li>Firmus&#39; confirmed Meta deal and what it means for its ASX debut</li><li>The bull and bear case for Firmus&#39; massive ASX listing</li><li>Why Millennium, one of Wall Street&#39;s most secretive hedge funds, is building a presence in Sydney</li><li>Which Australian stocks Millennium has already bet on</li></ul><p><br></p><p>On The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia&#39;s centres of power.</p><p>Host Harshdeep Kaur sits down with Capital Brief&#39;s best journalists to dissect what we&#39;re watching and why it matters, and answer questions from our subscribers live.</p><p>Subscribe to join our weekly live discussion on Thursdays at 12pm AEST: <a href="https://www.capitalbrief.com/on-the-call/">https://www.capitalbrief.com/on-the-call/</a></p><p>Sign up to our free weekly newsletter, The Edition: <a href="https://www.capitalbrief.com/newsletters/the-edition/">https://www.capitalbrief.com/newsletters/the-edition/</a></p>