Street Talk

Mike Cannon-Brookes needs $157m for SunCable; flyer hits inboxes

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 15, 2025 – 5.09pm

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Mike Cannon-Brookes’ ambitious plans to send renewable energy from Darwin to Singapore via a 4300-kilometre subsea cable is moving into its next phase, with the technology billionaire enlisting bankers to launch a funding round.

Street Talk can reveal SunCable has tapped Moelis and Align Capital Partners to kick off a $US100 million ($157 million) capital raise to fund the development of its solar energy infrastructure network, dubbed Australia-Asia Power Link.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.