Streetbeat News

SPIR

Spire Global, Inc.

https://www.spire.com

Industry

Specialty Business Services

Spire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. has a strategic partnership with TAC Index Limited. Spire Global, Inc. was formerly known as Nanosatisfi, Inc. and changed its name to Spire Global, Inc. in July 2014. The company was incorporated in 2012 and is based in San Francisco, California with additional offices in Boulder, Colorado; Washington, D.C.; Glasgow, United Kingdom; Luxembourg; and Singapore.

Open

13.41

Mkt cap

329M

Volume

169K

High

14.04

P/E Ratio

-3.95

52-wk high

19.40

Low

13.41

Div yield

N/A

52-wk low

6.26

Spire Global has secured a contract from NASA's Jet Propulsion Laboratory to develop a space-based system for wildfire detection and monitoring. Spire will collaborate with OroraTech to create a scalable solution.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:47 am

U.S. Senator Jerry Moran has expressed concerns over the FAA's slow rocket launch licensing process, urging for regulatory efficiency improvements. This could impact companies involved in space launches.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:24 pm

Canaccord Genuity analyst Austin Moeller has assumed a Buy rating for Spire Global (NYSE:SPIR) but has lowered the price target to $12.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:16 pm

Spire Global has secured a $3.83 million contract from NOAA to provide radio occultation data for a year. This is part of a larger IDIQ contract with a $59 million ceiling under NOAA's Commercial Weather Data Program.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:44 am

Spire Global has entered into a waiver and amendment to its financing agreement with Blue Torch Capital, requiring a $10 million payment towards its term loans by August 31, 2024. As of June 30, 2024, Spire Global had $46 million in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:48 am

Raymond James analyst Ric Prentiss has downgraded Spire Global (NYSE:SPIR) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:42 am

Spire Global has launched seven multi-payload satellites on a SpaceX mission to enhance weather forecasting. These satellites will monitor soil moisture, improve global weather forecasts, and serve missions for Space Services customers.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:31 am

The Russell 2000 is experiencing its strongest session in a month, driven by positive economic data that has alleviated recession fears. The iShares Russell 2000 ETF (IWM) rose 2.8%, with retail sales and jobless claims exceeding expectations. Top performers in the Russell 2000 include AST SpaceMobile, Accuray, Gambling.com, Perpetua Resources, and Telos Corporation, while Terran Orbital, SIGA Technologies, Spire Global, B. Riley Financial, and Titan Machinery were the top losers.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 4:56 pm

Baird analyst Jeffrey Meuler has downgraded Spire Global (NYSE:SPIR) from Outperform to Neutral and lowered the price target from $15 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:13 pm

Craig-Hallum analyst Jeff Van Rhee has downgraded Spire Global (NYSE:SPIR) from Buy to Hold and lowered the price target from $13 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:27 pm

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