IPO - Kleos Space S.A, page-23

The share price reflects the level of interest. In most other markets this stuff is being funded by VCs, the fact it has gone public in my view reflects the lack of any real meaningful IP or advantage. with $11m they should get something off the ground, but the issue will be will it create a compelling proposition for customers - when there are probably other better funded and resourced options in space.

If you are the Australian Government looking at security issues are you buying IBM or some new start-up...I suspect IBM.