Spire Global Announces Third Quarter 2021 Results, Net Loss of $32.7 Million

Company Reaffirms Revenue, ARR Guidance for 2021

VIENNA, Va.–(BUSINESS WIRE)– Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”) a leading provider of space-based data, analytics and space services, today announced results for its quarter ended September 30, 2021. [Full Results]

“Spire performed well during the quarter, as we continued to make solid progress on our fiscal 2021 plan and a number of our strategic initiatives,” said Peter Platzer, Spire’s CEO. “We reached a new record for the number of ARR customers under contract, we signed several new and significant Weather contracts, and we further advanced our technology with the launch of two new optical ISL satellites that will enhance our offering. Additionally, we signed a definitive agreement to acquire exactEarth, a leader in maritime data with a team that has deep domain expertise. We expect the transaction would bring quite meaningful ARR as well as 150 new customers to whom we can offer additional Spire products and services.”

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Spire Global Completes Merger, Goes Public Today on NYSE

  • Spire’s Common Stock to Commence Trading on NYSE Under the Ticker “SPIR”
  • Combined Company to Continue Providing Space-Based Data Solutions and Space Services to Global Customers
  • Gross Proceeds to Spire totaled $265 million, combining funds held in NavSight Holdings’ Trust and concurrent PIPE financing

VIENNA, Va. & RESTON, Va. (Spire Global PR) – Spire Global, Inc. (“Spire” or the “Company”) a leading global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc. (NYSE: NSH) (“NavSight”) to take Spire public. The combined company has been renamed “Spire Global, Inc.” and its shares will commence trading on the New York Stock Exchange on August 17, 2021, under the ticker symbol “SPIR” for Spire common stock and “SPIRW” for Spire warrants.

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Spire Global Partners with Hancom Group in First Commercial Satellite Mission for South Korea

Leading provider of space-based data and analytics chosen to support launch of agricultural product, expand image analysis solutions

VIENNA, Va. & RESTON, Va. (Spire Global PR) –Spire Global, Inc. (“Spire” or “the Company”), a leading provider of space-based data, analytics, and space services, is expanding its East Asian operations, announcing today a new partnership and satellite mission with its first South Korean Space Services customer, Hancom Group, a leading ICT convergence company. This will be the first commercial satellite mission for a private South Korean company.

Hancom will host an optical payload on a Low Earth Multi-Use Receiver (LEMUR), Spire’s 3U nanosatellite, named “HANCOM” to support the launch of a new product focused on the agriculture sector, including landscaping applications, and expansion of its existing image analysis portfolio offerings. In addition to utilizing Spire’s services for its own operations, Hancom will also act as Spire’s first reseller within South Korea. Spire continues to expand its partnerships to serve customers across the world.

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Spire Global Awarded Contract for Earth Observation Data

New task order continues delivery of comprehensive space data and opens availability to all U.S. Government-funded researchers and federal agencies

VIENNA, Va. & RESTON, Va. (Spire Global PR) — Spire Global, Inc. (“Spire” or “the Company”), a leading global provider of space-based data and analytics, has announced the continuation of its participation in NASA’s Commercial Smallsat Data Acquisition (CSDA) Program with a six-million-dollar contract extension. The contract continuation, Task Order 6 (TO6), is a subscription data solution that includes radio occultation (RO) data, grazing angle GNSS-RO, total electron content (TEC) data, precise orbit determination (POD) data, soil moisture and ocean surface wind speed GNSS-Reflectometry data, and magnetometer data. This data will be available to all federal agencies, NASA-funded researchers and, more broadly, to all U.S. Government-funded researchers for scientific purposes.

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Second Successful 2021 Launch for Spire

Spire grows LEMUR CubeSat platform with newly deployed satellites

SAN FRANCISCO, Calif. & RESTON, Va. (Spire PR) — On April 29 Spire successfully deployed two new satellites into its LEMUR constellation. The satellites bring Spire to 143 total satellites launched, with more than 110 currently in orbit. This is the second launch of 2021 for Spire and 30th launch overall.

The Low Earth Multi-Use Receiver (LEMUR) is Spire’s CubeSat platform used to track maritime, aviation, and weather activity from space. Each satellite is equipped with multiple sensors, capable of capturing data day and night and during extreme weather conditions.

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SPACovirus Sweeps Space Sector

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?

by Douglas Messier
Managing Editor

Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.

A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.

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