Spire Global, Inc. - SPIR STOCK NEWS

Spire Global, Inc. (NYSE: SPIR) has launched a dark shipping detection solution aimed at identifying vessels that manipulate their locations to engage in illegal activities such as evading sanctions and illegal fishing. This service enhances existing maritime tracking capabilities by providing near real-time geolocation validation, crucial for governments and NGOs. CEO Peter Mabson emphasized its importance in combating serious societal issues. Spire operates over 100 satellites and plans to introduce additional geolocation products in 2023.

Spire Global (NYSE: SPIR) has secured a contract with DARPA to develop a satellite design for in-situ ionosphere measurements as part of the Ouija program. This initiative aims to enhance understanding of HF radio wave propagation in the ionosphere. Utilizing Spire's Space Services model, the project promises cost-effective access to space for innovative technology development. Previously, Spire was awarded a NOAA contract to create a sensor for real-time weather observations. With over 150 satellites launched, Spire aims to leverage its experience to support these cutting-edge projects.

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.