Sydney, June 9, 2026, 19:06 (AEST)
- Macquarie traded at A$238.04, up 0.69%. The S&P/ASX 200 lost 0.24% to 8,604.20.
- The company fixed the price for its dividend reinvestment plan at A$233.12, tied to the A$4.20 final dividend scheduled for July 2.
- Macquarie Capital Australia is listed as the local co-ordinator for SpaceX’s Australian offer in a prospectus filed with regulators.
Macquarie Group shares gained on Tuesday, outpacing a softer Australian market. Investors were watching a new dividend update, recent ownership filings, and news that the bank is working on the Australian piece of SpaceX’s planned listing.
The ASX-listed stock traded up at A$238.04, above its last close of A$236.42, after moving between A$235.17 and A$238.04 through the session. The S&P/ASX 200 wrapped up down 20.90 points, or 0.24%, to end at 8,604.20. Bank names were mixed. Commonwealth Bank dropped 0.26%, National Australia Bank lost 1.72%, while ANZ put on 0.44%.
Sydney trading was finished for the day. The usual ASX cash market session starts at 09:59:45 and wraps up at 16:00 local time, with a closing auction and post-close phases after that. Tuesday marked the first full session after Monday’s King’s Birthday holiday shut the exchange.
Macquarie’s biggest ASX filing today was about the final dividend terms. The group said the dividend reinvestment plan (DRP) will issue shares at A$233.12 each for the A$4.20 per share final dividend due July 2. Eligible holders can get shares instead of cash.
The price was set off the volume-weighted average price, which is the average market price weighted by the amount traded at each level, for the 10 trading days between May 25 and June 5, minus a 1.5% cut. The dividend comes 35% franked, so some Australian corporate tax paid on the earnings goes to investors as a tax credit if they qualify.
ASX records show Macquarie filed two substantial-holder notices, saying it is no longer a substantial holder in WiseTech Global and Centuria Capital. The notices are required ownership filings and don’t explain the reasons for changes.
Deal flow drew the most attention from investors. A SpaceX Australian prospectus filed with the U.S. Securities and Exchange Commission names Macquarie Capital Australia as Australian co-ordinator on the offer. CommSec is listed as lead Australian retail broker. According to the prospectus, the Australian offer is set to close at 5 p.m. AEST on June 10, with SpaceX shares expected to start trading on Nasdaq and Nasdaq Texas on June 12.
SpaceX’s IPO filing puts the expected share price at $135. If it prices there, the global offer could bring in $74.4 billion in net proceeds without the overallotment, or $85.7 billion if underwriters take up the full option. Goldman Sachs, Morgan Stanley, BofA Securities, Citi and JPMorgan are listed as global underwriters, according to the filing.
Macquarie is in talks with Cargill about buying its metals unit, Reuters said on June 6, citing five sources familiar with the situation. The report said the discussions could fall apart and aren’t certain to result in a deal. Macquarie would not comment, according to Reuters.
Macquarie’s report draws interest as Commodities and Global Markets, or CGM, has driven most of its recent profit growth. Reuters said last month that Macquarie’s full-year profit climbed 30% to A$4.85 billion, ahead of the A$4.39 billion consensus from Visible Alpha. The gain was fueled by energy-market swings and a nearly 50% rise in CGM profit to A$4.22 billion.
Chair Glenn Stevens called the U.S.-Iran war a “very difficult shock for policymakers.” CGM head Simon Wright said the risk of “prolonged volatility” could mean “more subdued client appetite.” Chief Executive Shemara Wikramanayake said private credit is “fantastic in terms of its return for risk,” but added growth had been managed to avoid concentration risk. Reuters
The risk is visible: headlines may not mean lasting earnings. SpaceX’s final price and Australia placement could shift, and applicants might not see the actual price at entry. Cargill talks could collapse. Less volatility, softer Chinese metals demand or quieter client activity would also cut into Macquarie’s trading gains, the same unit that added to profit last year.
