Company Summary: Spire Global, Inc.

Overview

• Founded: August 2012
• Headquarters: Vienna, Virginia, USA
• Incorporation: Delaware
• Principal Office Address: 8000 Towers Crescent Drive, Suite 1100, Vienna, VA 22182
• Telephone: (202) 301-5127
• Stock Symbol: SPIR (NYSE)
• Legal Status: Operating as a large accelerated filer, smaller reporting company, and emerging growth company

Core Business

• Type: Global provider of space-based data, analytics, and space services
• Main Offerings:
  • Space-based data collection via proprietary nanosatellite constellation called LEMUR
  • Data analytics and insights for multiple industries
  • Space-as-a-Service solutions leveraging established space infrastructure

Data Solutions (Products and Services)

• Collects Earth information using a constellation of nanosatellites in Low Earth Orbit (LEO)
• Offers four major types of data:
  • Clean Data: Structured data directly from satellites
  • Smart Data: Fused data combined with third-party datasets and proprietary analysis
  • Predictive Data: AI/ML algorithms used for forecasting and predictive analytics
  • Solutions: Actionable recommendations for specific business problems

Key Industries Served

• Maritime
• Aviation
• Weather & Climate
• Government (civil and defense)
• Other sectors: Agriculture, logistics, financial services, insurance, aerospace, energy, fishing, academia, and real estate

Main Data Verticals & Applications

• Maritime:
  • Vessel tracking using AIS (automatic identification system)
  • Port operations, route optimization, illegal activity monitoring, commodity flow analysis
• Aviation:
  • Aircraft tracking via ADS-B signals
  • Flight status, estimated time of arrival, supply chain analytics, predictive maintenance
• Weather & Climate:
  • Space-based weather forecasting using radio occultation (RO)
  • Earth observation for atmospheric conditions, soil moisture, ocean winds, polar ice
  • Platforms include DeepNavigation Analytics, DeepVision, High-Resolution Weather Forecast

Space-as-a-Service Offerings

• Cloud-like scalable access to space data and infrastructure
• Capabilities:
  • Deploy customer software in space (SDRs)
  • Host customer payloads
  • Build custom space solutions
  • Operate existing and future satellites via API
• Infrastructure includes:
  • Over 600 years of space flight heritage, more than 199 satellites launched
  • Proprietary configurable nanosatellite platform (LEMUR)
  • 30+ ground stations worldwide
  • Automated satellite operations system

Recent Corporate Activity

• Sale of Maritime Business: Entered into a Purchase Agreement on Nov 13, 2024, to sell maritime operations (excluding satellites) to Kpler Holding SA for an enterprise value of $233.5 million, plus a 12-month transition contract for $7.5 million
• Legal Actions: Filed suit in February 2025 seeking enforcement of the sale due to Buyer’s failure to close
• Funds & Financing:
  • Closed a private placement raising $40 million in March 2025
  • Has substantial debt obligations, including a Blue Torch Financing Agreement
• Employees: 447 as of December 31, 2024 (434 full-time)

Revenue & Financial Highlights (2024)

• Total Outstanding Shares (as of April 2, 2025): 30,967,114 Class A and 1,507,325 Class B
• Market Capitalization (as of June 28, 2024): Approximately $268.6 million based on NYSE closing price
• Revenue & Income: Specific revenue and income figures have not been provided in the excerpt

Company Status

• The company continues operational activities but faces uncertainties related to the pending sale of its maritime business and the completion of its corporate transactions.
• It has material weaknesses in internal controls leading to restatements of prior financial statements.
• It operates in highly competitive markets with rival companies in maritime, aviation, weather, and space services sectors.