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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.
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
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.
Spire Global, Inc. (NYSE: SPIR) announced its inclusion as a subcontractor in a NASA contract aimed at community overflight tests for the X-59 Quiet SuperSonic Technology. The contract, valued at up to $29 million over eight years, will enable Spire to provide vital weather data to support the Low-Boom Flight Demonstration mission. This partnership emphasizes Spire's role in enhancing community responses to sonic booms while advancing supersonic aviation technology.
Spire Global, Inc. announced the appointment of Theresa Condor as Chief Operating Officer, responsible for overseeing global operations in Weather, Aviation, Earth Intelligence, and Space Services. Ms. Condor, a key figure in Spire's growth, has previously led business development and secured significant contracts. CEO Peter Platzer emphasized her strategic understanding of the company. Spire leverages a large satellite constellation to provide critical data for decision-making across various sectors, aiding both commercial and government initiatives.
Spire Global, Inc. (NYSE: SPIR) has opened a new, larger office in Vienna, Virginia, aimed at enhancing its service capabilities for federal clients, including NASA and NOAA. This expansion is in response to increased demand for space-based data solutions and aims to accommodate growth in 2022. The new facility will focus on providing diverse services such as global maritime coverage and weather predictions. The company continues to innovate in space analytics, leveraging its satellite constellation to deliver valuable insights for both government and commercial sectors.
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