Cannon-Brookes’ SunCable hit by executive departures
The tech billionaire’s ambitious Sun Cable renewable project has been hit by a string of executive exits, adding to uncertainty over the development.
The tech billionaire’s ambitious Sun Cable renewable project has been hit by a string of executive exits, adding to uncertainty over the development.
Two of Mike Cannon-Brookes’ most senior advisers have left his Grok investment company in the latest shake-up for the billionaire’s private investment interests.
The historic Sydney estate Elaine is being carved up for sale by developers starting at $50m apiece. Here’s who is behind the radical plan after the property was bought for $130m from Scott Farquhar, who never lived in the crumbling residence.
The software billionaire wants to deliver one of the world’s biggest renewable energy projects. But a maiden $US100m capital raising campaign has failed to convince outside investors to back his decarbonisation dream.
Mike Cannon-Brookes made his money in software with Atlassian, and has big renewable energy aspirations with the SunCable project. But easy funding is proving elusive.
Cannon-Brookes can afford to take the risk, taxpayers cannot
Sydney-based edtech platform is expanding to the US, bolstering its operations with key hires from Atlassian, as it seeks to combat skill shortages and help school leavers.
The Atlassian billionaire says Australia should have the cheapest energy prices in the world and called for more renewable projects, saying ‘constraining power’ was ‘madness’.
The software billionaire says he is glad Australians ‘rejected extremism on the left or right’ as he accelerates a plan for start-ups to donate more equity to social causes.
The software titan has booked a quarterly loss as it spends heavily on artificial intelligence – a move chief executive Mike Cannon-Brookes says will strengthen the company amid a ‘turbulent’ global economy.
Stocks rise as China’s official statement after US outreach on trade talks signals thawing in relations. Block, Corporate Travel shares dive on tariff uncertainty. CBA hits new intraday, closing records.
The Atlassian billionaire is hatching his own plans to go to Mars – well at least sell software there – and already has a head start on Elon Musk to fulfil a long-held dream.
Mike Cannon-Brookes says Australian tech companies need governments to ‘just get out of the way’, after the industry was left empty-handed in the federal budget.
Mike Cannon-Brookes’ software empire has secured access to the US public service and federal agencies, saying it can accelerate productivity amid heavy cost-cutting from Donald Trump.
Politicians have a lot to learn from the ability of business leaders to bite the bullet and move on, particularly when it comes to the difficult challenge of climate and energy.
Having recovered from some dodgy oysters, Adrian Portelli revelled in the conditions at the big race, where some of Australia’s biggest corporate names – and Luke Sayers – pushed through the downpour.
US tech supremos have aligned themselves with the US president. Mike Cannon-Brookes, the climate activist with a private jet and an F1 partnership, says he’s steadfast.
An Aussie billionaire and ardent climate change campaigner has just bought a private jet, but says he feels a ‘deep internal conflict’ about it.
Mike Cannon-Brookes believes his flagship software will give Formula One team Williams an edge at the Grand Prix – and it will come down to milliseconds.
An Atlassian survey of 12,000 workers across six countries has concluded they lose almost 10 hours a week hunting information buried in email threads, Slack channels and siloed systems.
One of the world’s biggest renewable energy projects will seek external funding as Mike Cannon-Brookes tests financiers’ appetite for the giant SunCable project.
A classic slap fight is unfolding before our eyes between Mike and Annie Cannon-Brookes, the splitsville rich-listers trying to make each other blink over the carve-up of their $23bn estate.
A sacked executive of Mike Cannon-Brookes who used a personal email to send 1000 files to Annie Cannon-Brookes must hand over his phone and other devices after being accused of leaking confidential information.
Amid a $23bn divorce, Mike Cannon-Brookes is suing the absolute pants off of a once-trusted family office executive, claiming corporate skulduggery has been afoot.
As new sponsor for Williams, the Atlassian billionaire says Formula 1 can show the world that it’s possible to achieve net zero emissions.
The Greens are leading the call to force Australia’s richest people to pay a “billionaires’ tax” that they claim could rake in nearly $25bn in four years.
China’s DeepSeek is less than two years old – demonstrating that under the right infrastructure and investment, innovation is fast to follow. Australian needs to take notice.
While names like Atlassian, Canva and Afterpay are well-appreciated tech stars, the dramatic transformation of this local company has been relatively overlooked.
The personal fortunes of two of the nation’s richest businessmen rocketed by a massive $4bn on paper Friday when investors responded to their tech company beating revenue expectations.
The Mike Cannon-Brookes-backed SunCable undersea energy delivery project has named a former Origin executive to take on the role of CEO.
Original URL: https://www.theaustralian.com.au/topics/mike-cannon-brookes