The Latest Breaking News from SPIR

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…

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…

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…

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…

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…

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…