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 has achieved a major milestone by successfully establishing a two-way optical link between two satellites. This breakthrough improves data transmission speed, security, and reliability for future space missions.
The company said it believes all conditions for closing contained in the Purchase Agreement have been satisfied or could be satisfied. However, despite the company’s notice to the buyer Kpler Holding SA, it has failed to consummate the closing.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
Spire Global shares are sinking in Tuesday's after-hours session after the company disclosed that Kpler Holding failed to consummate the closing of a transaction to acquire Spire's maritime business.
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.
