Spire Global, Inc. - SPIR STOCK NEWS

Francisco Partners has successfully closed its FP Credit Partners II fund, raising $2.2 billion, surpassing its $1.25 billion target. The fund will provide flexible credit and structured solutions within the technology sector, addressing growth, M&A, and liquidity needs. Notable partnerships include Eventbrite (NYSE:EB) and Spire Global (NYSE:SPIR). Co-Founder Dipanjan Deb emphasized the opportunity in technology's disruption across industries. The fund has attracted a diverse group of investors, including pension funds and family offices.

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.

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.

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.

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.

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.

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.

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.

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.