Tag: Peter Platzer

Spire Global Added to Membership of Russell 3000® Index

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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.”

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Spire Global Reports $18 Million First Quarter Loss

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  • Revenue increased to $18.1 million resulting in 86% year over year (YoY) growth
  • ARR of $81.6 million reflected $10.9 million of sequential and 134% YoY growth
  • Improved full year guidance – increased ARR low end range; lowered operating loss1
  • Reaffirmed remaining guidance

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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Spire Global Announces Landmark Space-as-a-Service Contract with NorthStar Earth & Space for a Dedicated Constellation

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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.

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Spire Global, Inc. Completes Acquisition of exactEarth Ltd.

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  • Combined company is a global leader in the space-based maritime data and analytics Industry.
  • Spire gains approximately $18m ARR, 150+ customers, vast historical AIS database, and real-time data solutions.

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.

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Spire Global Appoints Tim Braswell as Chief People Officer

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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 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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Virgin Orbit Set to Launch on Dec. 22

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LauncherOne operated in powered flight for only seconds before an anomaly shut it down after being dropped from the Cosmic Girl Boeing 747. (Credit; Virgin Orbit)

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.

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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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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 Awarded Contract for Earth Observation Data

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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

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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

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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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Spire Global Goes SPAC: Space-based Data & Analytics Company to Go Public Through a Merger with NavSight Holdings

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  • Spire collects spaced-based data through their proprietary constellation of over 100 satellites
  • Spire has a technology stack that is proven, at scale, and fully operational
  • Spire delivers subscription-based data, insights, and predictive analytics to global customers across a range of industries, including maritime, aviation, weather, and climate
  • Transaction funds growth strategy across key verticals and geographies, accelerates sales, marketing, and product development, and further strengthens competitive advantage
  • Transaction values the combined company at a $1.6 billion post-money equity value and is expected to provide approximately $475 million in gross proceeds, assuming no redemptions
  • Includes an upsized, and fully committed $245 million common stock PIPE, anchored by Tiger Global Management, funds and accounts managed by BlackRock, Hedosophia, JAWS – the family office of Barry Sternlicht, and Bloom Tree Partners
  • Spire stockholders, NavSight stockholders, and PIPE investors will hold shares in the combined company to be listed on the NYSE under the ticker symbol “SPIR”
  • Business combination expected to be completed in summer 2021
  • Investor webcast and call is scheduled for March 1st, at 8:30 AM EST

SAN FRANCISCO & RESTON, Va., March 1, 2021 (Spire Global/NavSight Holdings PR) — Spire Global, Inc. (“Spire” or the “Company”)a leading global provider of space-based data and analytics, and NavSight Holdings Inc. (“NavSight”) (NYSE: NSH), a special purpose acquisition company, today announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company.

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Spire Global, European Investment Bank Announce Venture Debt Financing Agreement

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LUXEMBOURG (Luxembourg Space Agency PR) — On 3 December at Web Summit 2020, the European Investment Bank (EIB), and Spire Global announced a venture debt financing agreement of up to €20 million.

According to the European Investment Bank, the financing supports Spire Global’s nanosatellite development and launches, space infrastructure, data analytics, and high-skilled job creation in Luxembourg and the EU. It also represents the first-ever direct EIB financing for the emerging European “New Space” industry.

The financing will back capital expenditure and research and development (R&D) activities to further develop Spire’s constellation of small satellites and high-quality maritime, aviation and weather space data and analytics. It will also back the development of new software applications for customers and create high-skilled jobs in Luxembourg.

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