European Space Agency awards Spire Global contract for satellite data

LUXEMBOURG - Spire Global, Inc. (NYSE:SPIR), a $328 million market cap space-based data company, has secured a contract from the European Space Agency (ESA) to provide historical weather data collected by its satellites under ESA’s Third Party Mission (TPM) programme, according to a press release statement. According to InvestingPro data, the company currently trades near its Fair Value, though analysts expect sales to decline this year.

The agreement will give European researchers access to Spire’s historical Earth intelligence data, including GNSS-Reflectometry and Polarimetric Radio Occultation datasets. These resources provide insights on climate variables such as sea ice, soil moisture, and precipitation. The company maintains a healthy gross profit margin of approximately 40% on its current annual revenue of $99.5 million.

"Through our Third Party Mission programme, we aim to empower Europe’s scientific community with access to high-impact commercial Earth observation data," said Peggy Fischer, Third Party Missions Manager at ESA.

Matthieu Talpe, a Remote Sensing Product Engineer at Spire, noted that the company’s datasets are "already shaping the future of climate research, enabling breakthroughs like enhanced weather forecasts at ECMWF," referring to the European Centre for Medium-Range Weather Forecasts.

Spire Global operates a fully deployed satellite constellation that observes Earth in real time using radio frequency technology. The company collects data on global weather, ship and plane movements, and detection of spoofing and jamming.

The Luxembourg-based company maintains offices across the United States, Canada, UK, Luxembourg, Germany, and Singapore. Spire provides space-based data, analytics, and space services to organizations worldwide.

The financial terms of the contract were not disclosed in the announcement.

In other recent news, Spire Global has secured a $1.2 million extension from NASA to continue providing Earth observation data through the Commercial Satellite Data Acquisition Program. This two-month task order follows a previous $6.7 million agreement, allowing Spire to deliver data such as GNSS radio occultation and space weather measurements. Additionally, Spire Global has expanded its Space Reconnaissance portfolio with enhanced radio frequency geospatial intelligence capabilities, aiming to support government and defense sectors with real-time geolocation services. In corporate developments, PricewaterhouseCoopers will resign as Spire Global’s auditor after filing the company’s 10-Q for the period ending June 30, 2025, with no adverse opinions reported. The company is actively searching for new auditors. Furthermore, Spire Global has launched a new aviation solution called Aircraft Exposure Analytics, designed to measure aircraft exposure to hazardous weather conditions. Stifel analysts have reiterated their Buy rating on Spire Global stock, maintaining a $17.00 price target. This follows discussions at the Stifel 2025 Cross Sector 1x1 Conference, where Spire’s management highlighted improvements in sales trajectory and momentum.

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