Spire Global Wins Additional NASA Contract for $1.2M

Spire Global, a provider of space-based data, analytics, and space services, has won an additional $1.2M NASA contract. The company builds, owns, and operates a fully deployed satellite constellation that observes the earth in real time using radio frequency technology. It offers three data solutions to customers: Maritime, Aviation, and Weather. Its proprietary constellation of LEMUR satellites collects and transmits data to its global ground station network, providing current and historical data, insights, and predictive analytics.

Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics, and space services, has been awarded a $1.2 million contract extension by NASA. The task order, part of the Commercial Satellite Data Acquisition (CSDA) Program, extends Spire's participation for an additional two months, following an initial $6.7 million, 12-month contract awarded in August 2024 [1].

Under the terms of the new contract, Spire will continue to deliver its comprehensive Earth observation data, including GNSS radio occultation, GNSS Reflectometry, and space weather measurements. This data is crucial for enhancing global weather forecasting, atmospheric profiling, and climate research, supporting U.S. government-funded initiatives [1].

Spire Global operates a fully deployed satellite constellation that observes Earth in real-time using radio frequency technology. The company's proprietary constellation of LEMUR satellites collects and transmits data to its global ground station network, providing current and historical data, insights, and predictive analytics. This capability is particularly valuable for maritime, aviation, and weather intelligence solutions [3].

The additional contract comes as Spire continues to expand its market presence and technological capabilities. Recently, Spire announced its participation in various investor events and secured a significant U.S. Space Force contract with a ceiling value of $237 million [2]. These developments underscore the company's growing influence in the NewSpace sector and its commitment to delivering high-quality data solutions.

Spire's financial performance remains robust, with Q1 2025 revenue of $23.9 million and a strong operational cash flow usage of $8.4 million. The company has also secured a Can$72 million contract from the Canadian government for wildfire monitoring satellites and has eliminated all debt, holding $136 million in cash and equivalents [3].

In summary, Spire Global's latest contract extension with NASA demonstrates the company's continued success in providing critical Earth observation data. As it expands its market reach and technological capabilities, Spire remains well-positioned to capitalize on the growing demand for space-based data solutions.

References
[1] https://www.businesswire.com/news/home/20250715303922/en/Spire-Global-Awarded-%241.2-Million-NASA-Contract-Renewal-for-Earth-Observation-Data
[2] https://au.investing.com/news/analyst-ratings/hc-wainwright-raises-blacksky-technology-stock-price-target-to-28-on-gen3-satellite-growth-93CH-3918450
[3] https://www.stocktitan.net/news/SPIR/