Spire Global is a space-to-cloud data and analytics company that operates one of the world's largest multipurpose satellite constellations. They specialize in tracking global data sets, including maritime, aviation, and weather patterns, using a fleet of over 100 CubeSats. Spire provides data and analytics to various industries and government entities like NASA, ESA, and NOAA, offering services such as maritime tracking, aviation surveillance, and weather forecasting. Their key products include Spire Sense Cloud, Spire AirSafe, and Spire Stratos, and they also offer "Space as a Service" solutions.
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AI is central to managing the scheduling of satellites and integrating communication across Spire Global's ground station network.
Spire Global launched AI-driven models AI-WX for medium-range forecasts and AI-S2S for sub-seasonal forecasts, improving accuracy and speed.
Spire collects atmospheric profiles for weather forecasting and utilizes AI to improve forecasts with a range of probabilities for actionable insights.
Spire Global intends to use proceeds from the maritime business sale to retire all outstanding debt and invest in near-term growth opportunities.
Theresa Condor will become Chief Executive Officer of Spire Global on 2025-01-01.
Under Peter Platzer’s tenure as CEO, Spire Global scaled revenue from $10,000,000 to more than $100,000,000.
Spire Global has an agreement to sell its maritime business for approximately $241,000,000.
Spire’s Soil Moisture Insights leverages Spire’s GNSS-R satellite constellation to deliver high-resolution, daily soil moisture insights at 500-meter and six-kilometer resolutions for any location worldwide.
LatConnect60 will combine data from its satellite fleet, which includes optical imagery and shortwave infrared technology, with Spire’s GNSS-R data to deliver a detailed view of environmental conditions.
LatConnect60 will combine data from its satellite fleet, which includes optical imagery and shortwave infrared technology, with Spire’s GNSS-R data to deliver a detailed view of environmental conditions and resource needs.
On 2024-11-25 in Perth, Australia Spire Global (NYSE: SPIR) was selected by LatConnect60 to provide GNSS-R data and Soil Moisture Insights.
Spire Global provided soil moisture imagery for New South Wales, Australia, at spatial scales from 6 km to 500 m and down to 100 m.
LatConnect60 will deliver combined Spire and in-house satellite data to provide customers with detailed environmental condition and resource need assessments.
Spire Global reached a $241,000,000 deal on 2024-11-13 to sell maritime customer contracts to Kpler of Belgium.
Spire Global began trading on the NYSE in August 2021 after merging with a special purpose acquisition company (SPAC).
The accounting review delayed Spire Global’s submission of a 10-Q for the three months to 2024-06-30 and resulted in an NYSE warning in August that Spire Global risked being removed from the stock exchange.
Proceeds from the sale will help Spire Global pay off all its outstanding debt of around $100,000,000.
Spire Global disclosed $40,000,000 of new contracts during the three months to 2024-09-10, marking a quarterly record for the company.
Spire entered into an agreement to sell its maritime business to Kpler for approximately $241,000,000.
The NYSE has given Spire Global until 2024-02-19 to submit the 10-Q for the quarter to 2024-06-30 and a 10-Q for the third quarter of 2023 that is also late.