Commercial satellite SigInt startup Kleos Space, with HQ in Luxembourg, sets Australian IPO

by Peter B. de Selding

PARIS — Startup commercial signals-intelligence-satellite fleet operator Kleos Space is joining the growing list of space-applications companies listing on the Australian Stock Exchange (ASX), with an IPO opening on June 7 and the goal of raising 11 million Australian dollars (about 7 million euros or $8.1 million).

Kleos, headquartered in Luxembourg, plans to use the IPO proceeds to finance the construction and launch, by mid-2019, of its first “Scouting Satellite,” which is designed to prove the business model of collecting radio signals from ships, aircraft and land-mobile vehicles . . .

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