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Through the contract, Spire Global will continue to provide radio occultation (RO) data.
Spire Global will provide the RO data in near-real time.
Spire Global recently introduced two AI-driven weather models, AI-WX and AI-S2S, which extend forecasting capabilities up to 45 days.
Spire Global offers a vast portfolio of current weather data, historical weather data, and weather forecast solutions.
Spire Global, Inc. has been awarded a €3 million contract renewal by EUMETSAT as part of a two-year operational contract starting August 14, 2025.
Spire collects atmospheric profiles for weather forecasting and utilizes AI to improve forecasts with a range of probabilities for actionable insights.
Spire Global launched AI-driven models AI-WX for medium-range forecasts and AI-S2S for sub-seasonal forecasts, improving accuracy and speed.
AI is central to managing the scheduling of satellites and integrating communication across Spire Global's ground station network.
Under Peter Platzer’s tenure as CEO, Spire Global scaled revenue from $10,000,000 to more than $100,000,000.
Theresa Condor will become Chief Executive Officer of Spire Global on 2025-01-01.
Spire Global intends to use proceeds from the maritime business sale to retire all outstanding debt and invest in near-term growth opportunities.
Spire Global has an agreement to sell its maritime business for approximately $241,000,000.
On 2024-11-25 in Perth, Australia Spire Global (NYSE: SPIR) was selected by LatConnect60 to provide GNSS-R data and Soil Moisture Insights.
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.
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.
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.
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.
Proceeds from the sale will help Spire Global pay off all its outstanding debt of around $100,000,000.
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.