Spire Global Bags Space Services Contract From GHGSat To Expand Satellite Constellation For Emissions Monitoring; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Spire Global has secured a contract from GHGSat to expand its satellite constellation for emissions monitoring. The contract involves building, launching, and operating four additional 16U satellites carrying GHGSat payloads. The launch is scheduled for no earlier than 2024. The financial terms of the deal were not disclosed.
August 08, 2023 | 10:49 am
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Spire Global's new contract with GHGSat to expand its satellite constellation could potentially boost its revenues and growth prospects. However, the financial impact is uncertain as the terms of the deal were not disclosed.
The contract with GHGSat represents a significant business opportunity for Spire Global, potentially leading to increased revenues and growth. However, without the financial terms of the deal, it's difficult to quantify the exact impact on the company's financials. The launch of the satellites is also not immediate, scheduled for 2024, which may delay the financial benefits.
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