Spire Global Inks Pact With OroraTech For Monitoring Wildfires
Portfolio Pulse from Nabaparna Bhattacharya
Spire Global, Inc. (NYSE: SPIR) has signed a deal with OroraTech to launch and operate an eight-satellite constellation for global temperature monitoring and wildfire tracking. The satellites, set to launch in mid-2024, will provide early detection of wildfire hot spots. The data collected will be delivered to OroraTech via an API. The financial terms of the deal were not disclosed.
June 28, 2023 | 1:11 pm
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Spire Global's partnership with OroraTech to launch a satellite constellation for wildfire tracking could potentially boost its reputation and market position. The impact on the stock price is yet to be determined.
The partnership with OroraTech could enhance Spire Global's market position and reputation, potentially attracting more customers and investors. However, the financial terms of the deal were not disclosed, making it difficult to predict the exact impact on SPIR's stock price.
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