Welcome to our dedicated page for Spire Global news (Ticker: SPIR), a resource for investors and traders seeking the latest updates and insights on Spire Global stock.
Spire Global, Inc. reports developments in satellite data, analytics and space services built around its owned nanosatellite constellation and radio-frequency sensing technology. The company’s updates focus on space-based weather intelligence, ship and aircraft movement data, spoofing and jamming detection, GNSS radio occultation and reflectometry, RF geolocation, and customer use of its Space as a Service infrastructure.
Recurring news also covers satellite launches, constellation replenishment, satellite manufacturing capability, government and commercial space programs, and applications in agriculture, aviation, maritime tracking, geomagnetic measurement and security intelligence. Spire’s announcements often connect its satellite payloads, ground infrastructure and data products to specialized monitoring and decision-support use cases.
Spire Global, Inc. (NYSE: SPIR) has appointed Tim Braswell as Chief People Officer to lead its global human resources efforts. With over 25 years of HR experience, including roles at MetLife and Merck, Braswell will oversee recruitment, talent development, and employee welfare for Spire's diverse workforce of over 375 employees. His leadership aims to foster an inclusive culture as the company expands in the commercial space industry, which is becoming increasingly accessible.
Virgin Orbit has successfully completed a wet dress rehearsal for its upcoming launch, which is set for January 12, 2022. This rehearsal involved a full run of procedures to ensure the system's health and readiness. The launch will carry satellites for the U.S. Department of Defense and other commercial entities. COO Tony Gingiss expressed confidence in the upcoming mission, highlighting the company's achievement of delivering 19 satellites in 2021. The mission will be livestreamed, showcasing Virgin Orbit's capabilities in the growing space launch market.
Spire Global, Inc. (NYSE: SPIR) has successfully deployed a nanosatellite as part of a U.S. Space Force mission to test EnerSys' ZeroVolt™ 18650 battery cells in orbit. This project highlights Spire's space-as-a-service model, which allows for rapid deployment of payloads, with this satellite launched on June 30, 2021. The SBIR Phase II funding awarded to Spire reflects its capability in technological innovation. The partnership with EnerSys aims to enhance battery capabilities for various applications, emphasizing the importance of testing in space.
Virgin Orbit has received FAA approval for the late addition of Spire Global’s ADLER-1 satellite to its upcoming launch. The satellite, integrated in just 36 hours, will be part of the Above the Clouds mission scheduled for mid-December 2021 to mid-January 2022. ADLER-1 aims to study micro space debris in Low Earth Orbit, contributing to sustainability efforts in space. The swift integration highlights the agility of both teams and the effectiveness of Virgin Orbit's launch service.
Spire Global (NYSE: SPIR) has secured a contract with the European Space Agency (ESA) under the NAVISP Element 2 Program to develop advanced geolocation signal processing tools. This initiative aims to enhance the detection and characterization of Global Navigation Satellite System (GNSS) interferences originating from Earth. Utilizing Spire's nanosatellite technology, the project will address vulnerabilities in position, navigation, and timing (PNT) services, which are crucial for various national infrastructures. The initiative seeks to bolster competitiveness in the global satellite navigation market.
Spire Global, Inc. (NYSE: SPIR) announced a partnership with MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) to utilize Spire’s satellite data for enhancing digital trade in the mining and metals sectors. This collaboration aims to improve vessel tracking and supply chain visibility, addressing recent global supply chain disruptions. By integrating Spire’s Automatic Identification System data, MineHub's platform will provide real-time data, optimizing routing for bulk carrier vessels, resulting in time and cost savings for users.
Spire Global, Inc. (NYSE: SPIR) announced its participation in upcoming investor conferences on December 7 and 9, 2021. The events include the Morgan Stanley 4th Annual Space Summit in New York, featuring CEO Peter Platzer, and the Truist Securities 2021 Industrials and Services Summit held virtually with CFO Thomas Krywe. Additionally, COO Theresa Condor will represent Spire at the Canaccord Genuity 5th New Space Investor Summit. Attendance is by invitation only for select clients.
Spire Global has completed its acquisition of exactEarth Ltd., enhancing its position in space-based maritime data. The deal adds approximately $18 million in annual recurring revenue (ARR) and over 150 customers. The acquisition, announced on September 14, 2021, was finalized after receiving shareholder approval on November 18, 2021, and subsequent judicial clearance on November 22, 2021. Spire expects to integrate exactEarth's vast historical AIS database into its services, boosting its AI and analytics capabilities.
Spire Global, Inc. (NYSE: SPIR) has appointed Dirk Hoke to its board of directors, bringing extensive experience from his tenure as CEO of Airbus Defence and Space. Hoke's expertise in digitalization and government networking is expected to enhance Spire's global adoption of space-based data solutions. CEO Peter Platzer emphasized Hoke's potential to drive growth, especially in industries benefiting from Spire's innovative applications. Hoke aims to expand Spire's market reach and identify new use cases for its data services, particularly addressing climate change challenges.
Spire Global (NYSE: SPIR) announced its Q3 2021 results, reporting $9.6 million in revenue—a 33% increase year-over-year. Annual Recurring Revenue (ARR) surged 51% to $45.2 million, with 225 ARR Solution Customers, up 69%. Noteworthy developments include the acquisition of exactEarth, adding 150 new customers, and significant contracts with EUMETSAT and NOAA for weather solutions. Despite strong performance, Spire revised down its guidance for non-GAAP gross profit and EBITDA due to merger-related expenses. Future expectations include revenue guidance of $40 to $42 million for 2021.