Reported Earlier, Spire Global Awarded Space Services Contract By Lacuna Space To Build And Operate Six Satellites For A Dedicated IoT Constellation
Portfolio Pulse from Benzinga Newsdesk
Spire Global, Inc. (SPIR) has been awarded a contract by Lacuna Space to build and operate six satellites for an IoT constellation, with potential expansion to dozens more. The satellites will enhance Lacuna's IoT network for global connectivity in various industries, including agriculture and logistics. Spire's Space Services will handle the end-to-end management of the satellites, leveraging its existing infrastructure to offer cost-effective and scalable access to space.
December 05, 2023 | 4:15 pm
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Spire Global has been contracted by Lacuna Space to build and operate six satellites, with the option to expand the constellation. This contract showcases Spire's capabilities in satellite manufacturing and space services, potentially leading to increased revenue and market presence.
The contract with Lacuna Space is directly related to Spire Global's core business of providing space-based data and analytics. The potential for scaling the constellation indicates a significant opportunity for growth and increased revenue. This news is likely to be viewed positively by investors, as it demonstrates Spire's competitive edge in the space services market and could lead to future contracts and partnerships.
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