Spire Global A

Spire Global has received a contract extension and expansion with EUMETSAT worth about €4 million, securing the delivery of radio‑occultation weather data through August 2027. The deal builds on a prior €3 million agreement and increases the volume of atmospheric observations for operational weather forecasting. The near‑real‑time profiles of pressure, humidity and temperature are processed by EUMETSAT and distributed to national weather services and the World Meteorological Organization. » Mere på de.investing.com

Spire Global has received a $3.7 million contract from the National Oceanic and Atmospheric Administration to deliver radio‑occultation data with extended temporal profiles for the period Sept. 18 to Dec. 1, 2026. The data provide vertical profiles of temperature, pressure and humidity and expand atmospheric observation coverage over previously underrepresented times of day. Spire has been supplying operational weather observations to NOAA for years and received contracts and extensions for data provision in 2025 and more recently. » Mere på de.investing.com

Spire Global has appointed Eric Mellinger as chief commercial officer; the position takes effect on August 3, 2026. Mellinger will lead go-to-market, business development, sales, strategic partnerships and customer growth, and joins from Mantech, where he served as VP of business development. The stock was quoted at $12.14 after a 17% decline the prior week, while market capitalization is around $471 million. » Mere på de.investing.com

Spire Global has opened a satellite manufacturing facility in Munich with an ISO-certified cleanroom, covering integration, testing and payload development and offering production capacity of up to 100 satellites per year. The facility will initially support the ESA-funded EURIALO project, which is developing GNSS-independent aircraft geolocation via a multi-satellite architecture. The site and capabilities are geared toward rapid, mission-ready deployments and supporting national security requirements, including Bundeswehr-relevant reconnaissance and RF geolocation. Despite marked share gains, profitability is not expected this year even after revenue of USD 71.55 million. » Mere på de.investing.com

Spire Global announced a private placement of 5.0 million Class A shares at $14.00 each, about 32% below the prior day’s closing price, after which the stock plunged roughly 20%. The offering is sized at $70 million and is expected to close around April 10, 2026, subject to customary conditions. Spire plans to use net proceeds for working capital, growth in U.S. and international markets, and for sales, technology development and cybersecurity. Craig-Hallum Capital Group acted as sole placement agent. » Mere på de.investing.com