Spire Global shares rise 1.43% after-hours after winning $11.1M NOAA contract for weather data.

Spire Global, Inc. rose 1.43% in after-hours trading, following the announcement of multiple significant contracts awarded by the National Oceanic and Atmospheric Administration (NOAA). The company secured a $11.19 million contract to provide GNSS-RO data for weather and space weather models, and a $2.5 million contract for satellite weather data to improve ocean surface wind measurements. These contracts highlight Spire's role in enhancing weather forecasting and data analytics, contributing to the positive market sentiment.