Tag: Spire Global

exactEarth Obtains Final Order Approving Plan of Arrangement for Acquisition by Spire Global

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CAMBRIDGE, ON (exactEarth PR) — exactEarth Ltd. (TSX: XCT) (“exactEarth” or the “Company”), a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions, is pleased to announce that it has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement previously announced on September 14, 2021 (the “Arrangement”) pursuant to which Spire Global, Inc. (NYSE: SPIR) (“Spire”) will acquire all of the issued and outstanding common shares of exactEarth (the “Shares”) through its wholly-owned indirect subsidiary Spire Global Canada Acquisition Corp. for CAD$2.5009 in cash and 0.1 of a share of Class A common stock of Spire for each Share held.

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

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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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Planned Comsat Constellations Now Exceed 94,000 Satellites

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by Douglas Messier
Managing Editor

A wave of new applications submitted to the Federal Communications Commission (FCC) last week for approval for communications satellites operating in the V band has sent the number of spacecraft in large constellations soaring to nearly 100,000.

A list compiled by Parabolic Arc shows that 94,255 satellites are included in the constellations. That number includes 29,439 satellites approved by the FCC or in development in China. The FCC has applicants pending before it for another 64,816 satellites.

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Space SPACs Earnings Week

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Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)

Five space companies that went public by merging with special purpose acquisition companies (SPACs) report earnings this week.

Monday, Nov. 8

Virgin Galactic
5 p.m. EST (22:00 UTC)
https://investors.virgingalactic.com/news/news-details/2021/Virgin-Galactic-Announces-Date-of-Third-Quarter-2021-Financial-Results-and-Conference-Call/default.aspx

Tuesday, Nov. 9

Momentus
5 p.m. EST (22:00 UTC)
https://investors.momentus.space/news-releases/news-release-details/momentus-announces-date-third-quarter-2021-financial-results-and

Wednesday, Nov. 10

Redwire
8:30 a.m. EST (13:30 UTC)
https://ir.redwirespace.com/news-events/press-releases/detail/32/redwire-corporation-to-report-third-quarter-2021-results-on

Spire Global
5 p.m. EST (22:00 UTC)
https://ir.spire.com/news-events/press-releases/detail/76/spire-global-inc-schedules-third-quarter-2021-results

Thursday, Nov. 11

Astra Space
4:30 p.m. EST (21:30 UTC)
https://investor.astra.com/news-releases/news-release-details/astra-report-third-quarter-financial-results-november-11-2021

Spire Global Included in NASA X-59 Quiet Supersonic Flight Community Testing Contract

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NASA’s X-59 Quiet SuperSonic Technology X-plane, or QueSST, will fly over communities in the United States to demonstrate quiet supersonic. (Credits: Lockheed Martin)

VIENNA, Va. (Spire Global PR) – Spire Global, Inc. (NYSE: SPIR) (“the Company” or “Spire”), a leading provider of space-based data, analytics and space services, today announced that it has been included as a subcontractor in an award contract between Harris Miller Miller & Hanson Inc. (HMMH) and the National Aeronautics and Space Administration (NASA). The award supports a national campaign of community overflight tests using NASA’s X-59 Quiet SuperSonic Technology research aircraft.

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Spire Global Chosen to Aid in Maritime Collision Avoidance Research

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Longtime Customer LatConnect 60 in Partnership with Curtin University Awarded Australian Research Council (ARC) Federal Grant

VIENNA, Va. (Spire Global PR) – Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services announced today that LatConnect 60, an Australian-based satellite data and insights provider, has extended their subscription to Spire’s Automatic Identification System (AIS) vessel tracking data. LatConnect 60 and Curtin University, Western Australia’s largest university, have recently been awarded a federal grant from the Australian Research Council (ARC) to conduct research on maritime collision avoidance in shipping lanes.

LatConnect 60 and Curtin University’s Intelligent Sensing & Perception Laboratory, led by Professor Ba-Ngu Vo, are creating sensor fusion algorithms to help solve this industry-wide issue, using data from satellite sensors, primarily Spire’s maritime domain awareness information. Incorporating this intelligence into maritime traffic monitoring systems is expected to result in more effective collision and contact avoidance strategies and contribute to more accurate predictions of traffic patterns for ship owners and insurers.

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National Geospatial-Intelligence Agency Launches Phase 4a of MagQuest Challenge on HeroX to Advance NASA’s Ability to Measure Earth’s Magnetic Field

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Millions of Dollars to Help Accelerate Novel Approaches to Geomagnetic Data Collection for the World Magnetic Model

SPRINGFIELD, Va., September 28, 2021 (HeroX PR) — The National Geospatial-Intelligence Agency (NGA) just launched the Demonstration Phase (Phase 4a) of its MagQuest Challenge to develop novel data collection approaches for the World Magnetic Model.

The WMM ultimately ensures the accuracy of navigation because it corrects for differences in magnetic forces at a user’s location. The model is used by thousands of systems for mobile navigation apps and is critical for military and commercial uses around the world.

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Spire Global and SpaceChain Announce New Partnership

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Industry-leading Companies Launching Mission to Demonstrate Blockchain Technology Computation Possibilities in Space

VIENNA, Va. (Spire Global PR) – Spire Global, Inc.. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services announced today a new partnership with SpaceChain, a global space-as-a-service solutions provider developing the world’s first decentralized satellite infrastructure (DSI). Together, Spire and SpaceChain are launching a mission to demonstrate the feasibility of blockchain technology computation in space and resolve land-based centralized infrastructure issues.

Many in the blockchain industry have been working to reduce points of risk whereby a centralized administrator or authority can tamper with, or in the worst case, steal funds and data. One potential solution is to decentralize access by distributing data across multiple centers, countries, and continents. By deploying a solution in space, Spire and SpaceChain aim to maximize data security and increase the resiliency of computing operations.

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Spire Global and Myriota Partner to Re-Imagine Internet of Things Connectivity

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VIENNA, Va. (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services, today announced a partnership with Myriota, a world-leading provider of secure, low-cost, and long battery life satellite connectivity for the Internet of Things (IoT). The partnership will leverage Spire Space Services to accelerate Myriota’s global service deployment timeline, expanding the Myriota Network using Spire low-earth orbit nanosatellites. Myriota is the first large-scale, commercial, IoT-focused customer of Spire.

Myriota will use Spire’s existing satellite platform and continue to scale the Myriota Network as Spire deploys new satellites. Spire and Myriota plan to quickly ramp up Myriota’s coverage to a global, low latency constellation, expanding Myriota’s existing coverage in North America, Australia and New Zealand to other markets, including Europe. By leveraging Spire’s proven constellation and global operations platform, Myriota expects to quickly and cost-effectively scale its IoT services to meet rising global demand.

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Spire Global to Acquire exactEarth

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VIENNA, Va. & CAMBRIDGE, Ontario (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (“exactEarth”) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarth’s Enterprise Value to LTM revenue. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarth’s CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.

“Peter and I share a vision about the opportunity for space-based maritime data and the digitalization of the global maritime industry, and I look forward to pursuing that vision together,” said Peter Platzer, Spire’s CEO. “I have great respect for the highly experienced team at exactEarth and am excited to continue driving this digital transformation together, serving more customers with a more robust data and solutions platform.”

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Spire Global Awarded NOAA Contract to Deliver Satellite Weather Data

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VIENNA, Va. (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR) (“the Company” or “Spire”), a leading provider of space-based data, analytics and space services, today announced it has been awarded the next order to provide commercial radio occultation (RO) weather data for the National Oceanographic and Oceanic Administration’s (NOAA) operational Numerical Weather Prediction (NWP) models. The order represents the largest volume of commercial weather data purchased to date by NOAA under the Commercial Weather Data Buy Program.

This purchase comes as NOAA has stated its intention to purchase increasing volumes of commercial RO data. The data provided by Spire will increase the volume of RO data available for assimilation into the national weather prediction models, improving the accuracy of those models and decreasing uncertainty in weather forecasting.

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Spire Global Completes Merger, Goes Public Today on NYSE

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  • 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

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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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Astra Announces Launch Contract with Spire Global

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Astra’s Rocket 3.2 on the launch pad. (Credit: John Kraus)

ALAMEDA, Calif., August 12, 2021 (Astra Space PR) — Astra Space, Inc. (“Astra”) (NASDAQ: ASTR), named Spire Global, Inc.,  as a launch customer, with plans to begin launching with Astra next spring.

“Our platform requires regular and reliable access to space,” said Robert Sproles, Senior Director, Constellation Planning and Operations at Spire Global Inc. “Astra’s dedicated launch service will provide the flexibility to deliver our satellites to the specific orbits they require, on our schedule.”

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EUMETSAT to Buy Meteorological Data from Commercial Supplier for First Time

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DARMSTADT, Germany (EUMETSAT PR) — Europe’s meteorological satellite agency, EUMETSAT, is launching an innovative pilot programme to buy, for the first time, data from a commercial satellite fleet operator for use in weather forecasting.

EUMETSAT’s governing council has approved the acquisition of data from Spire Global Luxembourg S.a.r.l. at a maximum cost of €9 million [US $10.6 million] over three years.

EUMETSAT will receive the data, called radio occultation data, from Spire, process it, and disseminate it for use in weather forecast modelling.

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