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The Latest Breaking News from Spire Global Inc

Spire Global Secures $6M NASA Contract Extension For Earth Observation Data

Spire Global Inc (NYSE:SPIR) has secured a $6 million, 12-month contract extension from NASA to continue participating in the agency’s Commercial Smallsat Data Acquisition (CSDA) Program. Spire will continue to deliver a comprehensive catalog of Earth observation data, associated metadata, and ancillary information from its constellation of 100+ multipurpose satellites. Spire has provided…

Benzinga · Jun 23, 2022

Spire Global Secures $120M Credit Facility

Spire Global Inc. (NYSE:SPIR) has secured a credit facility of $120 million from Blue Torch Capital. The proceeds will pay off an existing $71 million credit facility and continue developing Spire's four strategic growth pillars. "This credit facility helps de-risk the business and provides us with additional capital to invest in areas that…

Benzinga · Jun 14, 2022

Spire Global Secures TCOM Subcontract For Weather Forecasts

Spire Global Inc (NYSE:SPIR) has secured a subcontract agreement from TCOM, L.P. to provide weather forecasts for ten sites where TCOM aerostats are operated. The multi-million-dollar subcontract is for five years. Financial terms were not disclosed. The agreement includes comprehensive weather forecasts, alerts that notify aerostat site operators if bad weather is forecasted,…

Benzinga · May 23, 2022

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Spire Global Inks Contract With NorthStar For Dedicated Constellation

Spire Global Inc (NYSE:SPIR) entered a new space-as-a-service agreement with NorthStar Earth & Space to build a constellation of satellites focused on space-situational awareness (SSA) and debris monitoring. Financial terms not disclosed. The first award within the contract is for three satellites, with pre-agreed options for NorthStar to increase the constellation to dozens…

Benzinga · Mar 16, 2022

EXCLUSIVE: How Spire Is Using The Power Of Space To Solve Problems On Earth

Satellite company Spire Global Inc (NYSE: SPIR) has struggled to find its footing in the markets since making its public debut last year. The company is focused on leveraging the power of space to solve problems on earth, according to Spire CEO Peter Platzer.

Benzinga · Mar 11, 2022

Why Spire Global Shares Are Rocketing Higher Wednesday

Space data and analytics company Spire Global Inc (NYSE: SPIR) reported fourth quarter and fiscal year preliminary results after market close Wednesday. Here’s the highlights and why shares are racing higher.

Benzinga · Mar 9, 2022

Stifel Is Bullish On Spire Global, Sees Sharp Upside

Stifel analyst Erik Rasmussen initiated coverage of Spire Global Inc (NYSE:SPIR) with a Buy rating and a price target of $6, implying an upside of 181.7%. Spire is "one of the best-positioned NewSpace companies," argues Rasmussen, who believes they are "on the cusp of a very large and growing opportunity for space-based analytics." Rasmussen…

Benzinga · Mar 3, 2022

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Spire Global Secures $8M NOAA Contract

Spire Global Inc (NYSE:SPIR) has secured an $8 million National Oceanographic and Oceanic Administration (NOAA) contract to deliver satellite weather data. The contract has been awarded as part of IDIQ Delivery Order 4 of the contract issued by the NOAA for commercially available space-based radio occultation (RO) data for use in operational…

Benzinga · Feb 11, 2022

Spire Global Stock Gains On Solid Preliminary Q4 Results, Upbeat FY22 Guidance

Spire Global Inc (NYSE:SPIR) reports select preliminary unaudited financial results for Q4 and FY21. The company expects 4Q21 revenue of $15.3 million (consensus $12.9 million), an increase of 111% Y/Y, and FY21 revenue of $43.7 million (consensus $40.97 million), an increase of 53% Y/Y. Excluding revenue recognized from exactEarth, revenue would increase…

Benzinga · Feb 1, 2022

Spire, Dragonfly Aerospace Partner To Support Australian Office Of National Intelligence

Spire Global Inc (NYSE:SPIR) has partnered with Dragonfly Aerospace to support the Australian Government's Office of National Intelligence (ONI) with a second satellite as a part of its ongoing National Intelligence Community Satellite (NICSAT) program. Financial terms not disclosed. The follow-up program, NICSAT2, will see Spire designing, building, and launching the company's Low…

Benzinga · Jan 21, 2022

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