Space-based data and analytics company Spire Global has reported higher revenues for the fourth quarter and full year 2022, but the company’s net loss also increased from 2021. Spire Global specializes in the tracking of various global data sets via the use of nanosatellites. The current Spire orbital fleet numbers in excess of 110 cubesats. These spacecraft are built in-house at Spire facilities.
(more…)Spire and several “new space” companies joining the index for the first time highlights exciting sector growth
VIENNA, Va. (Spire Global, Inc. PR) — Spire Global, Inc. (NYSE: SPIR), a leading global provider of space-based data, analytics and space services, has been added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.
“We are honored to be included in the Russell 3000,” said Peter Platzer, Spire’s CEO. “This is a milestone event for the company and for our talented team who got us where we are today.”
(more…)VIENNA, Va. (Spire Global PR) — 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 March 31, 2022.
“The first quarter was defined by strong execution, delivering results that exceeded our expectations on the top and bottom line. As market volatility, inflationary pressures, and supply chain constraints continue to make headlines, Spire is bringing insights to help our customers drive stability and operational efficiencies during these dynamic times,” said Peter Platzer, Spire’s CEO. “Customers recognize the value of Spire data, and we have seen them expand across our data products and up the data value chain. We look for continued growth and further customer diversity as more use cases for Spire’s data become apparent.”
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Collaboration will deliver space-based Space Situational Awareness services to protect critical satellite infrastructure
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 space-as-a-service agreement with NorthStar Earth & Space (“NorthStar”), a comprehensive Earth & Space Information Services Platform, to build a constellation of satellites focused on space-situational awareness (SSA) and debris monitoring. The first award within the contract is for three satellites, with pre-agreed options for NorthStar to scale the constellation to dozens of satellites as their business operational needs grow.
(more…)VIENNA, Va. & CAMBRIDGE, Ontario (Spire Global PR) – Spire Global, Inc.. (NYSE: SPIR) (“Spire” or “the Company“), a leading provider of space-based data, analytics and space services, announced today it has successfully completed its previously announced acquisition of exactEarth Ltd. (TSX: XCT) (“exactEarth“), a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions, by way of a plan of arrangement (the “Arrangement”), following the completion of all closing conditions. The Arrangement, which was announced on September 14, 2021, was approved by exactEarth’s shareholders at a special meeting held on November 18, 2021 and exactEarth obtained a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement on November 22, 2021.
(more…)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 that it has appointed Tim Braswell as Chief People Officer. Mr. Braswell will report to Peter Platzer, Founder and Chief Executive Officer of Spire.
As Chief People Officer, Mr. Braswell will oversee all aspects of Spire’s global human resources activities, including recruitment, talent development, employee systems, and health and wellness program management. Spire employs a diverse team of over 375 employees from more than 40 countries. Mr. Braswell will work closely with Spire management to cultivate an inclusive culture of growth and learning as the Company continues to grow rapidly.
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by Douglas Messier
Managing Editor
Virgin Orbit is planning to launch five satellites using its LauncherOne rocket on Dec. 22, according to a U.S. Coast Guard Notice to Mariners.
LauncherOne will be dropped by the Boeing 747 Cosmic Girl over the Pacific Ocean near the Channel Islands off the coast of Southern California. The launch window will last from 2-5 p.m. PST, the notice said. Backup launch dates are Dec. 23 and January 8-10 from 2:15-5 p.m.
(more…)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.”
(more…)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.”
(more…)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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