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VIENNA, Va. - Spire Global, Inc. (NYSE:SPIR), a space-based data provider with annual revenues of $99.5 million, has been awarded an $11.19 million contract from the National Oceanic and Atmospheric Administration (NOAA) to provide global navigation satellite system (GNSS) radio occultation data, according to a press release statement. InvestingPro analysis indicates the company is currently trading near its Fair Value, though with a weak financial health score.
The one-year contract runs from September 18, 2025, to September 18, 2026, and will supply NOAA with atmospheric measurement data including pressure, humidity, and temperature profiles from across the globe.
The data will be integrated into weather and space weather models used by NOAA, NASA, the U.S. Air Force, and the U.S. Navy. Other U.S. and international agencies will also utilize the data for weather forecasting and climate research purposes.
"Spire’s satellites and radio occultation data are uniquely positioned to deliver the atmospheric insights needed to tackle today’s complex weather challenges," said Theresa Condor, Chief Executive Officer at Spire Global.
The contract is part of NOAA’s Commercial Weather Data Program Radio Occultation Data Buy II, structured as an Indefinite Delivery Indefinite Quantity (IDIQ) agreement.
Spire Global operates a satellite constellation that observes Earth using radio frequency technology. The company collects data on global weather, ship and plane movements, and signal interference detection. In addition to data services, Spire offers Space as a Service solutions for businesses.
The Vienna, Virginia-based company maintains offices across the United States, Canada, United Kingdom, Luxembourg, and Germany.
In other recent news, Spire Global, Inc. has been awarded a $2.5 million contract by the National Oceanic and Atmospheric Administration (NOAA) to provide satellite weather data focused on ocean surface winds. This contract, part of NOAA’s Commercial Weather Data Pilot, will commence on September 10, 2025, and aims to deliver near real-time data on ocean surface wind speeds. Additionally, Spire Global has received a non-compliance notice from the New York Stock Exchange due to the late filing of its Quarterly Report for the quarter ended June 30, 2025. Meanwhile, Stifel has reiterated its Buy rating on Spire Global, maintaining a price target of $17.00, following the company’s business update call for the second quarter. The company expects second-quarter revenues to range between $18 million and $19 million, aligning with the consensus estimate. Spire Global has also secured a contract from the European Space Agency to provide historical weather data for research purposes. Furthermore, the company announced the expansion of its Space Reconnaissance portfolio with new radio frequency intelligence tools aimed at supporting government and defense sectors.
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