Equity Mates Investing Podcast Beer tax beats Big Oil, a bold small cap for the Community Portfolio & the $880 billion space economy
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Feb 22, 2026 They unpack the $880 billion space economy, what counts as “space” and which companies and ETFs give exposure. They compare launch, debris and satellite services with moon-mining hype. Back on Earth they cover earnings season volatility, strong bank profits and BHP’s copper pivot. They also note Australia’s quirky beer tax windfall and pitch a bold small-cap for the community portfolio.
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BHP's Copper Moment Outweighs Iron Ore
- BHP's strategy toward future metals is paying off as copper now generated more profit than iron ore for the first time.
- Iron ore's share of profit fell from ~70% six years ago to under 50% today, showing the shift into copper-driven earnings.
Earnings Season Driving Sharp Single Day Selloffs
- Earnings season is producing acute volatility with investors punishing disappointment with large one-day swings.
- Examples include Nick Scali down 22%, Cochlear down 19%, Webjet down 26% and Austal down 22% on single days.
Australia Earns More From Beer Tax Than Petroleum Rent
- Australia collected more federal revenue from beer tax ($2.7bn) than from the petroleum resource rent tax ($1.5bn) in the referenced period.
- Bryce and Ren highlight the disparity and compare it to Norway's more effective resource taxation model.