Insights

Kleos (ASX:KSS) share price shoots for the stars

The Kleos share price has rocketed up today after the company announced a new launch date for its satellite space scouting mission.
The post Kleos (ASX:KSS) share price shoots for the stars appeared first on Motley Fool Australia. –

Rocket launching into space

The Kleos Space SA (ASX:KSS) share price is today taking off as the company provided an update on its scouting mission launch. The Kleos share price has risen by 7.55% to 28 cents on the news.

What is Kleos Space?

Kleos is a space powered radio frequency reconnaissance company. Kleos aims to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service. The Luxembourg company provides data as a service (DaaS) to its clients.

Furthermore, its upcoming cost-effective global geolocation data will be critical in the enforcement of law and regulation.

The first Kleos Space satellite system, known as Kleos Scouting Mission (KSM), will deliver commercially available data and perform as a technology demonstration. KSM will be the keystone for a later global high capacity constellation. The scouting mission will deliver targeted daily services with the full constellation delivering near-realtime global observation.

Why is the Kleos share price rocketing?

This morning, the company reported an update on the launch of KSM on the Indian Space Research Organisation’s latest mission. The company is launching scouting satellites under a ride-share contract with Spaceflight Inc, with the launch managed by NewSpace India Limited (NSIL). 

The Kleos Scouting Mission’s four satellites have been mission-ready since the middle of 2019. They were shipped to the launch site in February 2020, with the launch expected in March. However, the COVID-19 pandemic has delayed launch operations.

The company has been updated on a new launch date for the four Kleos satellites, with current planning aiming for the 1st half of November. However, Kleos noted the schedule was subject to change depending on operational circumstances beyond NSIL control. 

Foolish takeaway

the Kleos share price has gained a little over 80% since listing on the ASX in late 2018. The monitoring company generated no revenue for its half year ending 30 June 2020, but the Kleos scouting mission offers attractive future potential. The Kleos share price is down 8% for the year.

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Kleos (ASX:KSS) share price shoots for the stars appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!