Spire Global Inc Stock Price, News & Analysis

Spire Global, Inc. (NYSE: SPIR) announced its participation in Deutsche Bank's Global Space Summit on November 10, 2022. The event, held virtually, will feature CEO Peter Platzer and CFO Thomas Krywe as presenters. Spire is recognized as a leading provider of space-based data and analytics, leveraging its extensive satellite constellation to offer valuable insights for organizations. This engagement reflects Spire’s commitment to innovation and problem-solving through space-derived data.

Spire Global (NYSE: SPIR) has signed a Launch Service Agreement with Virgin Orbit (NASDAQ: VORB) to purchase multiple launches starting in 2023. These launches aim to support Spire’s expanding Space Services business and enhance its satellite constellation. Virgin Orbit is preparing for its first international launch from the UK, reflecting a growing backlog of launches. This collaboration showcases the demand in the small satellite market, providing Spire with greater flexibility and reliable access to space for its customers.

Spire Global, Inc. (NYSE: SPIR) announced a conference call on November 9, 2022, at 5:00 p.m. ET to discuss its third quarter 2022 financial results. The results will be released after market close on the same day. Investors can access the live audio call by dialing 877-841-2968 (toll-free) or +1 201-689-8552 (international). A webcast of the call will be available on Spire's Investor Relations website. Spire is a leading provider of space-based data and analytics, utilizing a large satellite constellation to deliver critical insights.

Spire Global (NYSE: SPIR) has secured a study contract from the National Reconnaissance Office (NRO) to analyze the integration of commercial radio frequency (RF) into its operations. This contract is part of NRO's Strategic Commercial Enhancements program, highlighting the agency's ongoing commitment to integrating new capabilities from commercial geospatial providers. Spire's extensive satellite constellation offers critical data for GNSS jamming detection and vessel movement analysis, supporting U.S. military and federal entities.

Spire Global (NYSE: SPIR) announced a two-year contract with NOAA to develop a hyperspectral microwave sensing (HyMS) sensor, enhancing Numerical Weather Predictions (NWP). This project underscores Spire's role in providing high-quality commercial data for weather forecasting. The new technology aims to measure atmospheric moisture more effectively, crucial in the context of extreme weather patterns. The contract is part of NOAA's efforts to collaborate with earth observation companies, marking Spire's fourth contract with NOAA, valued at $23.6 million in FY22.

Spire Global (NYSE: SPIR) has secured a $9.9 million contract from the NOAA to provide 3,300 space-based radio occultation profiles daily, aimed at enhancing weather forecast accuracy. This award marks Spire’s third significant contract from NOAA in FY22, contributing to their ongoing partnership since 2020. Data delivery will commence on January 18, 2023, and continue until July 18, 2023. This initiative underscores the growing emphasis on public-private collaboration to tackle climate challenges.

Spire Global, Inc. (NYSE: SPIR) announced a contract extension with NASA for the Commercial Smallsat Data Acquisition Program, focusing on the SNOOPI mission. This mission aims to measure root-zone soil moisture using P-band signals from a satellite in low Earth orbit. Spire's technology allows deeper soil measurements compared to previous methods, aiding in agricultural forecasting and flood prediction. NASA integrates Spire's data into various research applications, enhancing atmospheric analysis and providing critical insights for climate change adaptation.

Spire Global, Inc. (NYSE: SPIR) has announced a Space Services agreement with GHGSat to enhance greenhouse gas emissions monitoring. Three 16U satellites, scheduled for launch in 2023, will carry GHGSat's payload to collect vital data for industrial emissions tracking. This collaboration aims to support global efforts in achieving net-zero targets, utilizing Spire's robust space services. GHGSat, currently operating six satellites, will now expand its capabilities to provide more accurate emissions data.

Spire Global, Inc. (NYSE: SPIR) has filed an S-3 shelf registration statement with the SEC, allowing it to issue various securities totaling up to $180 million. This includes an ATM offering for up to $85 million of Class A common stock. Although the registration statement is filed, it has not yet taken effect, meaning the securities cannot be sold or offered until then. Potential investors are advised to review the related prospectus available on the SEC’s website for complete information.