Spire Global Clinches NASA Deal To Elevate Earth Observation Data Insights
Portfolio Pulse from Nabaparna Bhattacharya
Spire Global, Inc. (NYSE:SPIR) has been selected by NASA for a multiple-award, indefinite delivery indefinite quantity contract to provide Earth observation data for the Commercial Smallsat Data Acquisition Program. The contract will last for five years and Spire will compete for task orders under a $476 million shared ceiling. Spire's shares are trading higher by 1.81% to $4.49.
October 05, 2023 | 2:49 pm
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POSITIVE IMPACT
Spire Global has secured a contract with NASA, which could potentially increase its revenues over the next five years. This news has already positively impacted the company's stock price.
The contract with NASA is a significant achievement for Spire Global, indicating the company's strong position in the market. This could lead to increased revenues over the contract period, which is likely to be viewed positively by investors, hence the increase in stock price.
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