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Spire Global ( (SPIR) ) just unveiled an announcement.
On January 20, 2025, Spire Global’s subsidiary, exactEarth Ltd., entered into a contract with the Canadian government to develop the WildFireSat satellite constellation for monitoring wildfires in Canada. The contract, valued at Can$71.8 million, ends in 2027 but may be extended. Spire assigned the contract to its Canadian subsidiary and plans to expand its facilities in Ontario. Spire Global Canada, in collaboration with OroraTech, aims to enhance wildfire detection and management through advanced satellite technology, focusing on Indigenous community protection and economic benefits. The partnership also involves Indigenous businesses, emphasizing socio-economic impacts and employment opportunities.
More about Spire Global
Spire Global, Inc. is a global provider of space-based data, analytics, and space services. The company operates a fully deployed satellite constellation that offers real-time observations using radio frequency technology. Spire’s services include global weather intelligence, tracking ship and plane movements, and detecting spoofing and jamming to help predict economic, security, and environmental impacts. Additionally, Spire provides Space as a Service solutions, allowing customers to utilize its infrastructure for their space endeavors. The company has offices in the U.S., Canada, UK, Luxembourg, Germany, and Singapore.
YTD Price Performance: 27.33%
Average Trading Volume: 405,713
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $476.5M
Learn more about SPIR stock on TipRanks’ Stock Analysis page.
