UK-built Nanosatellites Ready for Launch

Four shoebox-sized, British-funded satellites will join a global fleet in orbit in the next two months

SWINDON, UK (UK Space Agency PR) — Government-backed ‘nanosatellites’ – built in Glasgow – will launch later this month, joining a fleet of more than 100 objects in low Earth orbit that predict global trade movements.

Two of four nanosatellites, made by Spire Global UK and backed by over £6 million of Government investment, will take off on the Russian Soyuz launcher on 24 September. The other two nanosatellites will be aboard an Indian PSLV launcher, due for launch on 1 November.

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Spire Global Raises $40 Million

SAN FRANCISCO, Sept. 25, 2019 (Spire Global PR) — Spire Global, the world’s largest earth observation constellation of satellites for advanced weather data, maritime analytics, and aircraft tracking, today announced over $40m in new funding from strategic partners including ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management Limited, and Bessemer Ventures. Existing investors RRE Capital, Expon Capital, Seraphim Capital and Qualcomm Ventures also participated, among others.

‘We are thrilled by the affirmation of these strategic relationships and how this capital infusion affords Spire continued validation from the strength of our respected financial investors. While we increasingly continue to fund our organic growth from revenue, this investment allows the company to also execute on its substantial path of international advancement,” said Spire CEO Peter Platzer. 

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