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Spire Global, Inc. - SPIR STOCK NEWS

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.

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Spire Global, Inc. (NYSE: SPIR) has announced an extension of its subscription agreement with LatConnect 60, an Australian satellite data provider, for its Automatic Identification System (AIS) vessel tracking data. This partnership coincides with a federal grant awarded to LatConnect 60 and Curtin University for research on maritime collision avoidance. The project aims to enhance maritime safety by utilizing Spire's satellite data and developing algorithms for better traffic predictions, ultimately reducing collision risks in shipping lanes.

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Spire Global, Inc. (NYSE: SPIR) has appointed Dr. Kevin Petty as Vice President of Weather. Based in Boulder, CO, he will lead the company’s weather solutions and guide its weather data offerings across various sectors, including Maritime and Aviation. Dr. Petty, formerly with The Weather Company, brings extensive experience in atmospheric science and a Ph.D. from Ohio State University. This appointment aims to enhance Spire's weather analytics amid increasing climate challenges.

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Spire Global (NYSE: SPIR) has partnered with SpaceChain to launch a mission demonstrating blockchain technology computation in space. This collaboration aims to decentralize data access, enhancing data security and resilience. Utilizing Spire's SABERTOOTH supercomputing module, the two companies will initially upload SpaceChain's software to an existing satellite, with plans for further development on a new satellite later this year. This initiative positions both companies at the forefront of integrating space and blockchain technologies, advancing the new space economy.

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Spire Global (NYSE: SPIR) has announced a strategic partnership with Myriota to enhance its satellite connectivity services for the Internet of Things (IoT). This collaboration aims to expedite the deployment of Myriota’s global network through Spire’s low-earth orbit nanosatellites. The partnership will improve coverage in markets such as North America, Australia, New Zealand, and Europe, providing low-latency services for various industries including logistics and agriculture. Myriota anticipates rapid expansion and enhanced service offerings through this agreement.

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Spire Global (NYSE: SPIR) announced its acquisition of exactEarth for approximately US$161.2 million. This strategic move will enhance Spire's maritime data offerings, expanding its customer base by over 75% and introducing new subscription-based revenue streams. The deal involves CAD$204.2 million in cash and stock, valuing exactEarth at about 9.1x its enterprise value to LTM revenue. The transaction is expected to close in 4Q21 or 1Q22, pending regulatory approvals.

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Spire Global, Inc. (NYSE: SPIR) announced its participation in the RBC Capital Markets Global Industrials Virtual Conference, where CEO Peter Platzer will engage in a fireside chat on September 10 at 10:00 AM ET. The conference offers opportunities for one-on-one meetings with Spire executives. Spire is recognized for its space-based data and analytics services, providing valuable insights to organizations globally. Its operations are supported by a robust satellite constellation, enhancing decision-making and operational efficiency.

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Spire Global, Inc. (NYSE: SPIR) has secured a significant order from NOAA to provide commercial radio occultation (RO) weather data, marking the largest purchase of its kind by the agency. This six-month contract entails delivering 3,000 RO profiles daily, enhancing NOAA's weather forecasting capabilities and data assimilation in national models. The increased data volume aims to improve accuracy and reduce forecasting uncertainty, ultimately protecting lives and saving costs related to extreme weather events.

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Spire Global, Inc. (NYSE: SPIR) has formed a strategic partnership with Mantle Labs to enhance risk assessment solutions for agriculture. This collaboration aims to provide farmers and agri-businesses with advanced warnings on crop health and weather conditions, especially in under-monitored regions across Southeast Asia, India, South America, and Africa. By combining Spire’s satellite data with Mantle's AI-driven analytics, the partnership promises to improve weather forecasting and empower farmers to anticipate risks and enhance productivity.

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Spire Global, Inc (NYSE: SPIR) has secured significant funding from the UK Government's Defence and Security Accelerator (DASA) as part of the Space to Innovate Campaign. This award, the largest for a Scottish innovator, will enhance Spire’s ability to detect and geolocate radio frequency (RF) signals using its low earth orbit nanosatellite constellation. The project aims to support UK defense activities and promote space resilience, with a focus on L-Band SATCOM signals. Spire’s commitment underlines its role in advancing space technology and defense capabilities.

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Spire Global, Inc. has completed its business combination with NavSight Holdings, taking Spire public. The combined company will trade on NYSE starting August 17, 2021, under the ticker symbol SPIR. The transaction generated approximately $265 million in gross proceeds, including $20 million in cash and a $245 million PIPE. CEO Peter Platzer aims to enhance Spire's position in space-based data and analytics, focusing on faster data provision to customers. The management team remains unchanged, with Jack Pearlstein joining the board of directors.

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FAQ

What is the current stock price of Spire Global (SPIR)?

The current stock price of Spire Global (SPIR) is $10.7 as of November 1, 2024.

What is the market cap of Spire Global (SPIR)?

The market cap of Spire Global (SPIR) is approximately 259.0M.

What does Spire Global, Inc. do?

Spire Global, Inc. is a data and analytics company that collects data from space to provide insights for maritime, aviation, weather, and other sectors.

How does Spire Global, Inc. generate its data?

Spire uses space-based technology to collect data, which is then analyzed to provide actionable insights for various industries.

What are the core solutions offered by Spire Global, Inc.?

Spire offers four core solutions: Maritime, Aviation, Weather, and Space Services.

How can Spire's data help businesses and governments?

Spire's data helps organizations make informed decisions by providing accurate tracking, monitoring, and forecasting of resources and weather systems.

Where can I find more information about Spire Global, Inc.?

You can visit their official website at www.spire.com for more information.

What industries benefit from Spire's solutions?

Industries such as maritime, aviation, weather forecasting, and government sectors benefit from Spire's data and analytics solutions.

How is Spire Global, Inc. contributing to solving global challenges?

By providing timely and accurate data from space, Spire helps organizations address critical issues like resource management and disaster preparedness.

Is Spire Global, Inc. hiring?

Yes, Spire is looking for exceptional individuals to join their fast-growing team. Visit spire.com/careers for current openings.

What makes Spire's data unique?

Spire's data is unique because it is space-based, offering a comprehensive and accurate view of Earth’s resources and weather systems.

How can I stay updated with Spire Global, Inc.'s latest news?

You can stay updated by visiting their official website and following their latest news section.

Spire Global, Inc.

NYSE:SPIR

SPIR Rankings

SPIR Stock Data

258.98M
24.32M
8.43%
34.31%
13.11%
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