Innovaero

🇦🇺 This Week in Australian Startups #179, 26th September 2026

Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.

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Innovaero locks in $29M IPO ahead of $158M ASX debut

Perth drone maker Innovaero has completed the raising for its stockmarket float and will debut on the national exchange on 22 September, with an implied value near A$158 million.

Also This Week in Australian Startups

Defence drone manufacturer Innovaero lodges prospectus with ASIC ahead of initial public offering

A Perth-based maker of military drones has lodged listing paperwork with the corporate regulator ahead of a planned sharemarket float; its current Defence Force munitions contract is worth $24.2 million.

Drone maker Innovaero opens books for $158m ASX debut

A Western Australian maker of military drones has opened its bookbuild for a $40 million float, aiming for a securities exchange debut within about a month.

Upcoming floats and listings

ASX page tables ten companies that have applied to list — mostly mineral explorers, plus defence and AI infrastructure plays — showing proposed codes, pricing, amounts sought, timetables and deal advisers.