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. (SPIR) is a leading data and analytics company, leveraging space technology to solve real-world problems. By collecting data from space, Spire can identify, track, and predict the movement of the world's resources and weather systems, providing critical insights for businesses and governments to make informed decisions. Founded with the vision of using space to address Earth's challenges, Spire offers four core solutions: Maritime, Aviation, Weather, and Space Services.
Under the Maritime solution, Spire provides precise space-based data for accurate ship monitoring, safety, and route optimization. The Aviation solution focuses on aircraft monitoring, safety, and route optimization. Its Weather solution delivers accurate space-based weather forecasting, aiding in disaster preparedness and resource management. Lastly, Spire's Space Services offer tailored datasets and insights from space to meet specific industry needs.
Spire's innovative approach has positioned it at the forefront of space-based analytics, earning it partnerships with leading organizations worldwide. The company's financial health is reflected in its diverse revenue streams from its core solutions, allowing continuous investment in technology and talent.
The fast-growing team at Spire is dedicated to pushing the boundaries of space technology to deliver actionable insights. With the world facing rapid changes, Spire's ability to provide timely, accurate data is more critical than ever. For more information, visit www.spire.com.
Stay updated with the latest developments and career opportunities at Spire by visiting Spire Careers.
Spire Global (NYSE: SPIR) is expanding its partnership with Slingshot Aerospace to support the development of a $2 million prototype analytics tool awarded by the U.S. Space Force. This tool aims to utilize space-based GPS telemetry data to identify sources of electronic interference, enhancing military operations. The DEEP prototype will automate data exploitation techniques, ensuring rapid delivery of critical data for national security. Spire’s extensive satellite constellation will provide essential GNSS data to mitigate potential threats to on-orbit space assets.
Spire Global (NYSE: SPIR) has entered a new agreement with NorthStar Earth & Space to develop a dedicated constellation of satellites focused on space situational awareness and debris monitoring. The initial phase includes three satellites, with options to expand to dozens. This contract is positioned to enhance NorthStar's capabilities in satellite tracking and collision avoidance, leveraging Spire's technological infrastructure. The launch of the first three satellites is expected in early 2023.
Spire Global, Inc. (NYSE: SPIR) announced robust preliminary fiscal year 2021 results, achieving a total revenue of $43.4 million, marking a 52% increase year-over-year. The company reported fourth-quarter revenue of $15.0 million, up 106% from the previous year. Annual recurring revenue (ARR) reached $70.8 million, a 96% increase, exceeding prior guidance. Spire's acquisition of exactEarth integrated 343 new customers, bringing total ARR solution customers to 598. Looking ahead, Spire provided optimistic guidance for Q1 FY22, projecting revenue between $16.5 - $17.5 million.
Spire Global, Inc. (NYSE: SPIR) has announced its participation in two significant upcoming events. The first is the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on March 14, 2022, featuring a presentation from 2:20 p.m. to 3:00 p.m. ET, followed by a panel discussion at 3:50 p.m. ET. The second event is the BofA Securities STAARS Summit 2022 on March 21, 2022, focusing on Satellites and Space Infrastructure. Both events will include insights from Spire's CEO, Peter Platzer. More details are available on Spire's investor relations website.
Spire Global, Inc. (NYSE: SPIR) has announced a partnership with Sierra Nevada Corporation (SNC) to build four 6U LEMUR satellites for radio frequency (RF) collection and analysis. This collaboration aims to enhance SNC's capabilities in detecting and geolocating objects based on RF emissions, addressing the needs of military and government organizations. Spire's secure and scalable satellite platform will enable efficient advancement in RF collection technology.
Spire Global, Inc. (NYSE: SPIR) will host a conference call on March 9, 2022, at 5:00 p.m. ET to discuss its fourth quarter and fiscal year 2021 financial results, with the news release to follow after market close. A Q&A platform by Say Technologies will open on March 2 for shareholders to submit questions for discussion during the call. The live call will be accessible via Spire's Investor Relations website and will also have a toll-free dial-in number. Spire, a leader in space-based data and analytics, aims to enhance its engagement with investors.
Spire Global, Inc. (NYSE: SPIR) has appointed Chuck Cash as Vice President of Federal Sales. Cash, a Navy veteran with extensive experience in digital transformation, will enhance Spire's federal business growth strategy from their Vienna, Virginia office. Previously, Cash was Chief Revenue Officer at Govini and held positions at Salesforce and Oracle, focusing on Department of Defense accounts. His leadership aims to strengthen relationships with federal agencies and leverage Spire’s space-based data solutions for U.S. government challenges.
Spire Global, Inc. (NYSE: SPIR) has been awarded an $8 million contract by the National Oceanographic and Oceanic Administration (NOAA) for space-based radio occultation (RO) data to enhance weather forecasting. The contract increases the number of RO profiles provided from 3,000 to 5,500, confirming Spire's reliability in delivering operational RO data. This award emphasizes NOAA's commitment to sourcing commercial data, which is significantly cheaper than government missions, underscoring the partnership's long-term viability.
Spire Global, Inc. (NYSE: SPIR) has announced a new partnership with Sinay, a tech firm specializing in maritime data solutions. This collaboration aims to enhance global maritime operations by integrating Spire's historical and real-time Automatic Identification System (AIS) data into Sinay's machine learning models. The Sinay Hub will use Spire’s data to improve efficiency, predict Estimated Time of Arrival (ETA), and support cargo tracking by including weather insights. This move is expected to bolster situational awareness for maritime stakeholders and enhance compliance with environmental regulations.
Spire Global, Inc. (NYSE: SPIR) has secured a new contract with Stratolaunch, enhancing its capabilities in providing weather data for hypersonic flight tests. This collaboration will leverage Spire’s satellite constellation to deliver accurate forecasts at various altitudes, crucial for safe and effective launch operations. Spire is providing 55 discrete vertical levels of forecast data, which improves upon traditional weather data sources. The use of Spire’s data aims to enhance operational confidence for Stratolaunch’s hypersonic vehicles.
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