Are you a fan of growth shares and have $15,000 to put to work?

Well, brokers are bullish on the three ASX growth shares below, which could make them worth a closer look this month. Here’s what you need to know:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville.

Breville has turned kitchen appliances into a global premium brand. That may sound simple, but it is not easy to do. Consumers can buy cheap alternatives in almost every category Breville operates in, yet the company has built a reputation that allows it to compete on design, quality, and performance.

Its strength is not just one product. Coffee machines, ovens, food preparation, and other categories give Breville multiple ways to grow across different markets.

The company is also still early in its global opportunity. It has already proven that its brand can travel, but there remains room to deepen its presence in North America, Europe, and other regions.

Morgans is bullish on the company. It recently put a buy rating and $36.75 price target on its shares.

NextDC Ltd (ASX: NXT)

Another ASX growth share that could be worth buying is NextDC.

NextDC owns and develops data centres. These are becoming a critical part of the modern economy as companies need more computing power, storage, connectivity, and access to cloud platforms.

The next wave of demand could be even more powerful. Artificial intelligence (AI) is increasing the need for high-performance digital infrastructure, and many organisations will need more capacity to manage the workloads that come with it.

NextDC is investing heavily to meet this demand. That can weigh on near-term earnings and cash flow, but it also gives the company a larger platform to grow from over the next decade.

Ord Minnett is a fan of NextDC. It has a buy rating and $21.50 price target on its shares.

Xero Ltd (ASX: XRO)

A third ASX growth share for investors to consider is Xero.

Xero has spent years building a platform that small businesses rely on to manage their finances. But the long-term opportunity is not just accounting software.

Small businesses often have fragmented systems for invoicing, payroll, payments, reporting, tax, and adviser communication. Xero’s opportunity is to bring more of that work into one connected platform.

That is important because time is one of the most valuable resources for small business owners. Software that removes admin tasks, improves visibility, and helps businesses make better decisions can become very sticky.

The company also has a large international runway. Its growth in markets such as the United Kingdom and North America could be important if it continues increasing customer numbers and revenue per user.

Macquarie is very bullish and has an outperform rating and $235.80 price target on Xero’s shares. This is almost triple its current share price.

The post 3 amazing ASX growth shares to buy with $15,000 appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 tech shares to buy now: expert
• The Anthropic IPO could be the next big catalyst for ASX AI infrastructure stocks
• Breville shares could be the most underrated consumer shares on the ASX right now
• Why Macquarie Technology is one of the most interesting AI infrastructure plays on the ASX
• Can you turn $20,000 into $100,000 with ASX shares?

Motley Fool contributor James Mickleboro has positions in Nextdc and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Xero. The Motley Fool Australia has positions in and has recommended Macquarie Group and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Austral Resources Ltd (ASX: AR1) this week delivered a major update on its copper mining and processing plans, as the company progresses its ambition to become a major producer over the next year or so.

The team at Shaw and Partners has examined the company’s latest announcement and has reiterated a bullish share price for the company, which I’ll get to later.

First, let’s look at what the company announced this week.

Major progress

Austral said in a statement to the ASX that the refurbishment plans at its Rocklands processing facility in Queensland were progressing on schedule and on budget.

The company said it had “focused on a disciplined and technically driven restart strategy for its Eastern operations”, which included bringing in consultants who were able to simplify the processing flowsheet.

As the company said:

That work quickly identified a simplified and conventional processing pathway centred around the replacement of the existing three-stage cone crushing circuit with a single SAG mill and pebble crusher configuration. The redesigned circuit reflects Austral’s strategic focus on the efficient production of high grade copper concentrate and removes complexity associated with the previous flowsheet that contemplated secondary product streams, including magnetite, pyrite and native copper recovery.

Austral said it had now purchased an as-new SAG mill for Rocklands, which was expected to be delivered to site by late July.

The company said:

Securing a suitable SAG mill early in the refurbishment process removes one of the most significant schedule risks associated with concentrator restart projects and provides confidence in the Company’s targeted commissioning timeline.

Austral is targeting the processing of three million tonnes of ore per year through the newly refurbished processing facilities, starting in mid 2027.

The company has already started mining at its Western operations, with the majority of that oxide ore to be processed through the company’s Mt Kelly facility.

Austral Resources Chief Operating Officer Shane O’Connell said:

The Rocklands refurbishment continues to progress on schedule and on budget, with key milestones already achieved, including the completion of the front-end circuit redesign, acquisition of the SAG mill and commencement of detailed engineering activities. Our focus has been on developing a simpler, lower-risk and capital-efficient processing circuit that maximises copper concentrate production while leveraging the substantial infrastructure already in place at Rocklands. With engineering progressing, major equipment secured and site works planned to commence in Q3 2026, we remain confident in delivering the Rocklands restart on time and on budget.

Shares looking cheap

Shaw and Partners said in their note to clients that Austral was well-placed.

With Rocklands on track for a mid-2027 restart, Lady Loretta finalised, $83m in net cash and copper at all-time highs, Austral Resources is building one of Australia’s most compelling copper growth stories.

Shaw and Partners has a price target of 42 cents on Austral shares compared to 8.8 cents currently. The company is valued at $214.6 million.

The post This ASX copper company could surge more than 300%: broker appeared first on The Motley Fool Australia.

More reading

• One broker is tipping this ASX copper explorer to jump more than 300%

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Origin Energy Ltd (ASX: ORG) shares are edging lower today.

Shares in the S&P/ASX 200 Index (ASX: XJO) energy provider closed yesterday trading for $10.85. In morning trade on Friday, shares are changing hands for $10.81 apiece, down 0.4%, roughly in line with the 0.4% losses posted by the benchmark index at this same time.

Taking a step back, the stock is up 1.9% over the past 12 months, just beating the 1.3% one-year gains posted by the ASX 200.

But we should note that the past year also saw the company pay out 60 cents a share in fully-franked dividends. At current prices, Origin Energy shares trade on an 5.6% fully-franked trailing dividend yield.

Now, here’s why Catapult Wealth’s Dylan Evans believes the Aussie energy provider is well-placed to outperform in the year ahead (courtesy of The Bull).

Should I buy Origin Energy shares today?

“Origin is a key player in Australia’s energy supply chain,” Evans said.

Citing the first reason he has a buy recommendation on Origin Energy shares, he noted:

Broader energy supply disruptions caused by the conflict in Iran are likely to be a net positive for Origin. The company’s gas will become more appealing to Asian consumers when compared to Middle Eastern competitors.

Then there’s the company’s recent sales growth.

“Electricity sales volumes in the March quarter were up 4% on the prior quarter,” Evans said.

And the third compelling reason you might want to buy the ASX 200 energy stock today is its promising long-term outlook.

Evans concluded, “Longer term, Origin is positioned to benefit from electrification and its energy security.”

What’s been happening with the ASX 200 energy share?

Origin Energy reported its half-year results (H1 FY 2026) on 12 February.

Underlying profit of $593 million was down from $924 million in the prior corresponding period. And underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $1.59 billion were down from $1.93 billion.

However, underlying EBITDA of $860 million from the company’s Energy Markets business was up $122 million year on year.

This saw the company upgrade its Energy Markets’ full-year underlying EBITDA guidance to between $1.55 billion and $1.75 billion, driven by the improved electricity business performance.

Investors responded to the update by sending Origin Energy shares up 3.9% on the day.

Following the company’s third-quarter update, released on 27 April, Origin Energy CEO Frank Calabria highlighted the ongoing strength of its Energy Markets business.

Calabria said:

In Energy Markets, Origin continued to grow its share of Australia’s data centre market, and we’re well positioned to support the further growth in demand from this sector through grid connections, long-term renewable contracts, and on-site solar and batteries.

The post 3 compelling reasons to buy Origin Energy shares today appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: Origin Energy, Megaport, NAB shares
• Guess which ASX 200 share is jumping 17% on earnings guidance upgrade
• Experts name BHP and these ASX 200 shares to buy this week
• Buy, hold, sell: Mineral Resources, IAG, Origin Energy shares
• 5 ASX 200 shares downgraded by brokers this week

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Becoming rich from ASX shares is possible, but it does not usually happen quickly.

There will always be stories of investors who picked the perfect small-cap ASX stock at the perfect time. But for most people, a more realistic path is much simpler.

It involves investing regularly, owning quality assets, reinvesting dividends, and giving compounding enough time to work.

That may not sound exciting, but it can be extremely powerful.

Start with consistency

The first step is getting money into the market regularly.

This could be $200 a month, $500 a month, or more depending on someone’s financial position. The exact amount matters less than the habit.

Regular investing also helps remove some of the pressure of market timing. Investors will buy during strong markets, weak markets, and everything in between. This is known as dollar-cost averaging.

It does not guarantee a profit or protect against losses, but it can make the process easier to stick with.

Own quality businesses

The next step is deciding what to buy.

One approach is to focus on high-quality ASX shares with strong market positions, reliable earnings, and long growth runways. Companies such as Wesfarmers Ltd (ASX: WES), Macquarie Group Ltd (ASX: MQG), and REA Group Ltd (ASX: REA) are examples of businesses that have created significant wealth for shareholders over long periods.

Another option is to use exchange traded funds (ETFs). These can provide exposure to hundreds or even thousands of shares in a single trade, which can be helpful for investors who do not want to pick stocks.

The key is diversification. Building wealth should not depend on one company, one sector, or one idea going perfectly.

Let dividends do more work

Dividends can play a role in long-term wealth creation.

Many ASX shares pay dividends, and some also come with franking credits. Investors who do not need the income immediately can reinvest those dividends to buy more shares.

Over time, those extra shares can generate their own dividends. This creates a compounding effect, where returns start producing more returns.

In the early years, the progress can feel slow. But as the portfolio grows, compounding can become much more noticeable.

Time is your friend

The biggest advantage some investors have is time.

If an investor put $500 a month into ASX shares and achieved an average annual return of 10%, they could build a portfolio worth more than $1 million after 30 years.

That return is broadly in line with long-term share market averages, but it is not guaranteed. Some years will be strong, while others will be weak or even negative.

The main thing is staying the course when markets fall. Selling during downturns can interrupt compounding and turn temporary volatility into permanent damage.

Overall, becoming rich from ASX shares is about making sensible decisions repeatedly, staying diversified, and allowing time to do the heavy lifting.

The post How to become rich by investing in ASX shares appeared first on The Motley Fool Australia.

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• 3 ASX shares Warren Buffett would probably love right now
• 3 ASX defensive stocks to buy while sharemarkets are volatile
• 5 ASX dividend shares to buy with $5,000 this month
• Why is everyone talking about Wesfarmers shares this week?
• How combining superannuation and ASX shares can set you up for retirement better than property

Motley Fool contributor James Mickleboro has positions in REA Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Wesfarmers. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Atlas Arteria Group (ASX: ALX) share price is in focus today after the company released its second supplementary target’s statement, reiterating that securityholders should reject the takeover offer from IFM’s Diamond Infraco 1 Pty Ltd. Key points include confirmation of a 40c per security distribution guidance for 2026 and the continued unanimous recommendation by independent directors to reject the offer.

What did Atlas Arteria report?

• The offer period for IFM’s off-market takeover bid has been extended by one week, now closing at 7.00pm (Sydney) on 18 June 2026.
• Atlas Arteria maintains guidance for an ordinary distribution of 40.0 cents per security in 2026.
• The independent directors continue to recommend that securityholders reject the $4.75 and $5.10 per security offers.
• No announced increase in the bidder’s voting power since extension; acceptances remain low.
• The bidder has not satisfied or waived any of the extensive conditions set out in its offer.

What else do investors need to know?

The company’s second supplementary target’s statement was released in response to the Fourth Supplementary Bidder’s Statement from IFM. The Board states there is no urgency for securityholders to accept the bid, as IFM must give notice of its offer conditions at least seven days before closure.

Atlas Arteria confirms that the proceeds from any asset sales would be available to be returned to securityholders, in addition to its regular distribution schedule. The company encourages investors to seek independent financial advice and read all issued statements and expert reports before making decisions regarding the offer.

What’s next for Atlas Arteria?

Atlas Arteria’s directors restate their confidence in the company’s long-term value, urging securityholders to remain patient. The company has emphasised ongoing discipline in capital management, pledging returns to securityholders through regular and special distributions as circumstances permit.

With the offer period extended, investors will have advance notice if the bid becomes unconditional. The Board will continue to keep shareholders updated as developments unfold in the takeover process.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 1% over the same period.

View Original Announcement

The post Atlas Arteria reiterates ‘reject’ on IFM bid, maintains 2026 distribution guidance appeared first on The Motley Fool Australia.

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• Perpetual to acquire Interfi majority stake; debt reduction underway
• Megaport completes $518m institutional entitlement offer
• Monadelphous Group wins $380m energy contract
• Meridian Energy: draft approval for Lake PÅ«kaki hydro storage
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Perpetual Ltd (ASX: PPT) share price is in focus today after the company announced the acquisition of a majority interest in Interfi and improvements to its gross debt position.

What did Perpetual report?

• Agreement to acquire 70% of Interfi Systems Pty Ltd, an asset servicing technology business.
• Interfi has around $55 billion in assets under administration as at 30 April 2026.
• Perpetual expects its gross debt to decrease by approximately 15% for the period to 30 June 2026, from $742 million at 31 December 2025.
• The acquisition will be funded from internally generated cashflows.
• Option to acquire the remaining 30% of Interfi shares by FY31.

What else do investors need to know?

The acquisition is set to strengthen Perpetual’s Corporate Trust and expand its capabilities in digital and market services. By integrating Interfi’s technology with Perpetual’s own platforms, the company aims to create a more integrated and digital end-to-end client solution.

Completion of the Interfi transaction is expected by the end of June, dependent on certain conditions being met. Michael Dilworth, Interfi’s founder and managing director, will stay on to help guide the business post-acquisition.

The company also emphasised its recent progress in reducing gross debt, which includes recent repayments and the impact of the Interfi deal.

What did Perpetual management say?

Perpetual’s Chief Executive Officer and Managing Director, Bernard Reilly, said:

This transaction is in line with our strategy to invest in new capabilities in Corporate Trust to support long-term growth and retain its strong market leadership. The acquisition is expected to contribute to growth in Corporate Trust’s Digital and Markets division in FY27 and beyond.

What’s next for Perpetual?

Looking ahead, Perpetual intends to continue investing in new digital capabilities and pursuing opportunities that will support sustainable growth. Management expects the Interfi acquisition to accelerate innovation and bolster Perpetual’s market leadership in corporate trust and digital services.

The company is also focused on further strengthening its financial position, with the targeted reduction in gross debt expected to provide additional balance sheet flexibility.

Perpetual share price snapshot

Over the past 12 months, Perpetual shares have declined 15%, trailing the S&P/ASX 200 Index (ASX: XJO) which has rise 2% over the same period.

View Original Announcement

The post Perpetual to acquire Interfi majority stake; debt reduction underway appeared first on The Motley Fool Australia.

More reading

• Atlas Arteria reiterates ‘reject’ on IFM bid, maintains 2026 distribution guidance
• Megaport completes $518m institutional entitlement offer
• Monadelphous Group wins $380m energy contract
• Meridian Energy: draft approval for Lake PÅ«kaki hydro storage
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Megaport Ltd (ASX: MP1) shares have returned from their trading halt and are racing higher.

In morning trade, the network solutions company’s shares are up 27% to $21.16.

Why are Megaport shares rocketing?

Megaport’s shares have returned to trade on Friday after completing the institutional component of its enormous $827.3 million fully underwritten entitlement offer.

According to the release, the institutional entitlement offer raised gross proceeds of approximately $518 million and will result in the issue of approximately 36.2 million new shares.

These new Megaport shares are being issued at $14.30 per share, which represents a 13.9% discount to its last close price.

Management advised that the institutional entitlement offer attracted strong demand from eligible institutional shareholders, with a take-up rate of approximately 99%. The balance of approximately 1% was allocated to eligible institutional shareholders who bid for new shares over their entitlements.

‘Game on!’

The company’s CEO, Michael Reid, was very pleased with the outcome of the institutional entitlement offer. He said:

This exceptional outcome reflects the strong support of our institutional shareholders and their confidence in our strategy. By combining Megaport’s global footprint of more than 1,100 data centres in 31 countries with Latitude.sh’s platform capabilities, we are building a Globally-Distributed AI Inference Cloud designed to support AI at global scale. We now look forward to our retail shareholders having the same opportunity to participate on a pro rata basis. We’re just getting started. Game on!”

Why is it raising funds?

Earlier this week, Megaport revealed that it secured four new AI infrastructure contracts with combined Total Contract Value (TCV) of approximately $458.9 million.

It noted that these contracts support AI inference workloads and require approximately $369.5 million of capital expenditure, primarily for high-performance NVIDIA GPUs, network, and storage infrastructure.

Megaport intends to establish an on-demand GPU Pool, supported by $350 million of investment, providing enterprise customers with access to AI infrastructure through both contracted and consumption-based commercial models.

Management highlights that these latest contracts bring the compute division pro forma annualised recurring revenue (ARR) to $385.2 million, with strategic contracts contributing $747.8 million of TCV and $301.3 million of ARR. This means the combined group pro forma ARR increases to $662.9 million.

Reid commented:

The contracts announced today reflect the accelerating demand for globally-distributed AI inference infrastructure. Megaport’s software-provisioned compute, network, and storage platform positions us strongly to meet that demand. The proceeds from the Entitlement Offer will enable us to fulfil contracted customer demand while building an on-demand GPU Pool that creates new opportunities across enterprise and sovereign AI markets globally.

AI inference is becoming a global infrastructure challenge, not simply a GPU problem. As AI adoption accelerates, organisations need seamless access to GPUs, CPUs, storage, and the connectivity that powers them. Megaport is built to deliver it all.

The post ‘Game on!’ Why Megaport shares are rocketing 27% today appeared first on The Motley Fool Australia.

More reading

• Megaport completes $518m institutional entitlement offer
• 5 things to watch on the ASX 200 on Friday
• Up 148% since April, should I still buy Megaport shares today?
• How high does Macquarie think Megaport shares will go?
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has positions in Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Resolute Mining Ltd (ASX: RSG) shares are having a tough finish to the week.

In morning trade on Friday, the ASX 200 gold stock is down 14% to $1.03.

Why is this ASX 200 gold stock sinking?

Investors have been selling the ASX 200 gold stock after it released an operational update for its Syama Gold Mine in Mali.

According to the release, production during the second quarter of FY 2026 has been impacted by logistical and supply chain disruptions.

These disruptions developed over the past four weeks following significant security challenges in Mali during late April and May.

As a result, Resolute now expects Syama’s second-quarter gold production to be around 30,000 ounces. This is well short of its original expectation of 40,000 ounces to 45,000 ounces.

While the company has not withdrawn its full-year guidance, it now expects Syama production to be around the lower end of its 195,000 ounces to 210,000 ounces guidance range in FY 2026.

That guidance disappointment appears to be weighing heavily on Resolute Mining shares today.

What went wrong?

The main issue has been delays in receiving key equipment needed to mine higher-grade sulphide ore zones within the A21 open pit.

Resolute said this was due to road insecurity in parts of Mali.

There have also been issues underground, where grades have been lower than expected. This was blamed on intermittent blasting performance and temporary disruption to explosives supply following the recent security situation.

Because of this, the sulphide mill feed has relied more heavily on lower-grade stockpiles.

Adding to the disruption, Resolute has deferred a planned three-week shutdown of the sulphide plant and roaster from May to mid-June. It has also extended the shutdown by one week to complete additional preventative maintenance work.

What is Resolute doing about it?

The ASX 200 gold stock has taken a range of actions across mining, processing, and planning to support operational continuity.

This includes working with open pit contractors to ensure equipment is delivered by the end of the maintenance shutdown.

Resolute is also increasing underground development capacity, securing additional operators, and accelerating open pit mining to access higher-grade fresh ore.

The good news is the company expects production to improve as access to higher-grade ore is restored and the security situation stabilises.

Commenting on the news, the ASX 200 gold stock’s CEO, Chris Eger, said:

Recent performance at Syama has been below expectations despite the significant changes implemented in Mali. These issues are well understood, and our focus is on stabilising operations and restoring consistent performance.

Importantly, the broader business continues to perform well. The Company remains cash generative, supporting ongoing investment in growth, including the Doropo development, which continues to progress to plan.

It isn’t all bad news

There was better news elsewhere in the portfolio.

Resolute said production from stockpile processing at the Mako operation in Senegal remains on track with full-year guidance.

Construction of the Doropo Gold Project in Côte d’Ivoire also remains on schedule.

However, this was clearly not enough to offset the disappointment at Syama.

The post Guess which ASX 200 gold stock is crashing 14% on guidance disappointment appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Megaport Ltd (ASX: MP1) share price is in focus today after the company announced it has successfully completed the institutional component of its A$827.3 million entitlement offer, raising about A$518 million and attracting around 99% take-up from eligible institutional shareholders.

What did Megaport report?

• Raised gross proceeds of approximately A$518 million from the Institutional Entitlement Offer
• Issued around 36.2 million new fully paid ordinary shares at A$14.30 per share
• 99% take-up rate among eligible institutional shareholders
• The full entitlement offer (institutional and retail) aims to raise A$827.3 million in total
• Retail Entitlement Offer expected to raise approximately A$309 million

What else do investors need to know?

Megaport’s entitlement offer is part of the company’s broader capital management strategy, supporting its global growth plans and strategic combination with the Latitude.sh platform. The newly raised funds will help strengthen Megaport’s balance sheet and invest in the expansion of its AI inference cloud capabilities across more than 1,100 data centres in 31 countries.

The institutional offer saw nearly all eligible shareholders take part, with surplus demand covering the small unallocated portion. The retail offer, which follows at the same offer price and ratio, opens on 11 June 2026 for eligible retail shareholders in Australia and New Zealand.

What’s next for Megaport?

Megaport plans to proceed with the retail offer phase, giving retail shareholders the same chance to invest at the institutional offer price. Funds raised are expected to drive the company’s strategic ambitions, including further scaling its cloud and AI infrastructure offering and strengthening its position in global connectivity.

Eligible retail shareholders can apply for additional new shares if there’s a shortfall, subject to scale-back at the company’s discretion. Normal trading for new institutional shares begins 15 June 2026, while retail shares start trading 7 July 2026.

Megaport share price snapshot

Over the past 12 months, Megaport share have risen 20%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

View Original Announcement

The post Megaport completes $518m institutional entitlement offer appeared first on The Motley Fool Australia.

More reading

• Atlas Arteria reiterates ‘reject’ on IFM bid, maintains 2026 distribution guidance
• Perpetual to acquire Interfi majority stake; debt reduction underway
• ‘Game on!’ Why Megaport shares are rocketing 27% today
• Monadelphous Group wins $380m energy contract
• Meridian Energy: draft approval for Lake PÅ«kaki hydro storage

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The biggest initial public offering in history – the US$75 billion SpaceX (NASDAQ: SPCX) raise – is now open for share applications, and Australians can get in on the action, but they’ll have to move fast.

The company’s shares are scheduled to start trading on the NASDAQ Exchange in the US on June 12, and at the US$135 issue price, the company will be valued at about US$1.75 trillion.

Local offer has opened

Australian investors can apply for shares in the SpaceX IPO through CommSec, which just yesterday updated its trading site to say it is now accepting applications.

The broker said:

CommSec is acting as the Lead Australian Retail Broker to the Australian Offer. CommSec is expected to receive an allocation of Shares for CommSec clients who are Australian residents. The Australian Offer is being made under an Australian prospectus that was lodged with ASIC on 4 June 2026.

Applications for SpaceX shares are due by 5pm on 10 June, but CommSec warns it may close applications early.

Investors applying through CommSec also need an international shares account with the broker.  

Historic wealth creation

The SpaceX IPO looks set to cement Elon Musk’s status as the richest man on earth, and aligns with his ambition to send humans to Mars.

The SpaceX prospectus reads in parts more like a science fiction to-do list than a business document, saying, for example, “Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars”.

A more down-to-earth bridge the company will need to cross at some stage is achieving profitability, with only one of its three divisions currently operating in the black.

The company comprises the space, connectivity, and AI divisions, with only connectivity at this stage turning a profit.

SpaceX overall posted a US$2.59 billion loss on revenue of US$18.7 billion in 2025. For the first three months of 2026, the Space division lost US$662 million, the AI division lost US$2.47 billion, and the connectivity division made a profit of US$1.19 billion.

Investors will also need to be comfortable with Mr Musk controlling the company with little real oversight from anyone else, with his 82.4% shareholding in the voting stock of the company virtually guaranteeing full control.

Mr Musk is named as “founder, Chief Executive Officer, Chief Technical Officer and Chairman of our board” in the prospectus.

The post Australians can now apply for shares in the SpaceX IPO. Here’s what you need to know appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.