Spire

Spire Global is a data and intelligence company that collects and processes information gathered from orbit. It designs, builds and operates its own satellite constellation, ground station network and software infrastructure, and sells the resulting data, analytics and software products to government and commercial customers. Rather than relying on ground networks or satellite imagery, the company built a network of low-cost nanosatellites operating just above Earth's atmosphere, using radio frequency techniques including radio occultation for atmospheric profiling.

The product portfolio spans four main areas. Weather and climate offerings include custom environmental datasets, predictive models, the AI-S2S sub-seasonal forecast product and the DeepVision weather visualization dashboard. Aviation products deliver global space-based ADS-B flight tracking and analytics, plus the in-development EURIALO project intended to address GPS jamming and improve location accuracy in air traffic surveillance. Space reconnaissance covers radio frequency geolocation and signal processing for security and defense agencies, including spoofing and jamming detection. Space Services allows customers to deploy and operate their own constellations, supported by Spire's Constellation Management Platform for automated satellite control. Data is delivered largely through APIs and customized datasets.

The company divested its maritime data business to Kpler in April 2025 and has been expanding its space reconnaissance business, citing demand from agencies moving into the radio-frequency domain and multiyear sovereign programs.

Founding story

Spire was formed by founders from three different countries. Rather than depending on traditional ground networks and satellite imagery for information about Earth and its environment, the founders set out to create a large network of affordable nanosatellites orbiting just above the atmosphere to collect granular data.

Business model

Spire vertically integrates satellite design, manufacture and operation with ground stations and data processing, then monetizes the resulting datasets and analytics through APIs, custom datasets, software products and dashboards sold to government agencies and commercial organizations. A separate Space Services line lets customers deploy and scale their own constellations on Spire's infrastructure, managed via the Constellation Management Platform.

Revenue comes from data, analytics and software subscriptions and contracts, together with space services contracts. Government contracting is material, including a NOAA contract extension for hyperspectral microwave sounder data and inclusion in the U.S. Missile Defense Agency's multi-award ShIELD IDIQ vehicle, under which Spire can compete for task orders. Third quarter 2025 revenue was $12.7 million, and full-year 2025 revenue was guided to $70.5–72.5 million.

Traction

More than 745 customers across 65 countries. Third quarter 2025 revenue of $12.7 million, down from $28.6 million a year earlier, a decline the company attributed to the divestiture of its maritime business (which contributed $11.5 million in Q3 2024 and $43.5 million in full-year 2024) and to U.S. government shutdown delays that moved more than $10 million of revenue into 2026. Full-year 2025 revenue guidance was $70.5–72.5 million, with management projecting in excess of 30% revenue growth in 2026 post-divestiture. Recent awards include a $3 million NOAA contract extension and selection for the Missile Defense Agency's ShIELD IDIQ contract.

Latest developments

In its third quarter 2025 results, reported in December 2025, Spire posted revenue of $12.7 million versus $28.6 million a year earlier, citing the Kpler maritime divestiture and U.S. government shutdown delays; the CFO estimated $6–8 million of contracts went unsigned because of the shutdown. Full-year 2025 revenue was guided to $70.5–72.5 million with more than 30% growth expected in 2026. The company was named to the Missile Defense Agency's ShIELD multi-award IDIQ contract with a shared ceiling of $151 billion, positioning it for Golden Dome task orders, and is scaling its space reconnaissance portfolio. It also announced a $3 million NOAA contract extension for hyperspectral microwave sounder data and appointed KPMG as its new auditor after a late NYSE filing notice.