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Kleos Space (ASX:KSS) - CEO, Andrew Bowyer
CEO, Andrew Bowyer
Source: Kleos Space/LinkedIn
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  • Kleos Space (KSS) has flagged delays for the launch of its Patrol Mission satellites on the SpaceX Transporter-3 mission
  • Technicians discovered a leak in the propulsion system of the Sherpa vehicle used for transportation, meaning all satellites onboard were unable to be launched in January
  • KSS confirmed its satellites were safe and undamaged by the propulsion system leak
  • The option to launch through another provider was investigated but due to the short time frame, nothing could be arranged
  • Company shares are trading down 4.03 per cent this morning at 71.5 cents each

Kleos Space (KSS) has announced delays to the launch of its Patrol Mission satellites on the SpaceX Transporter-3 mission.

The company planned for four of its satellites to be launched next month in a sun synchronous orbit as part of the mission

But, Spaceflight Inc. technicians, the contractor to deploy the satellites, discovered a leak in the propulsion system of the Sherpa vehicle used for transportation.

This means all satellites onboard were unable to be launched and six other companies were impacted by the issue.

KSS reports thankfully its satellites were undamaged by the leak and remain safe.

Spaceflight Inc. are investigating alternatives for all satellites impacted by the issue. The option to launch through another provider was investigated but due to the short time frame, a change was not possible.

Kleso Space CEO Andy Bowyer said the launch delay is a small set back.

“Whilst disappointing, this delay does not cause a long-term financial impact to the Company, the satellites are undamaged and are expected to launch with as minimum delay as possible, and most importantly there is no impact to the revenue generating life of the mission,” he said.

“We already have two missions (eight satellites) in orbit that we are continuing to exploit for data collection & revenue opportunities.”

The new launch date will be communicated once confirmed with Spaceflight Inc.

The Kleos Observer Mission (KSF3) is on track for a launch mid next year and is unaffected by the Patrol Mission delay

Shares are trading down 4.03 per cent this morning at 71.5 cents each at 12.52 pm AEDT.

KSS by the numbers
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