Spire Global Inc is a space-based data and analytics company that specializes in capturing and processing vast amounts of information from its fleet of small satellites
By leveraging its advanced technology, Spire provides insights into various sectors including weather forecasting, maritime domain awareness, and satellite-based tracking of global supply chains. The company's innovative approach enables clients such as businesses, governments, and research institutions to make informed decisions based on accurate and timely data, ultimately enhancing operational efficiency and strategic planning.
Spire Global Canada, a subsidiary of Spire Global, has been awarded a C$72 million contract by the Canadian government to develop a satellite network for wildfire detection. The network will be part of Canada's WildFireSat initiative, providing critical data on wildfires from space.
Russell 2000 ETF (ARCA: IWM) up 2.7%, its strongest session in a month, driven by positive economic data & increased consumer spending, boosting confidence in US economy.
