Spire Global secures €3 million EUMETSAT contract renewal

LUXEMBOURG - Space-based data provider Spire Global, Inc. (NYSE:SPIR), which has seen its stock surge over 53% in the past six months according to InvestingPro data, has secured a €3 million contract renewal from EUMETSAT, Europe’s meteorological satellite agency, according to a press release statement.

The two-year operational contract, which begins August 14, 2024, will continue Spire’s provision of radio occultation data that delivers information on vertical profiles of pressure, humidity, and temperature across the globe, including remote regions and open oceans.

Under the agreement, Spire will provide near-real-time data to EUMETSAT, which will process and distribute it to national weather agencies across Europe and the World Meteorological Organization community for integration into global forecast models.

The renewal comes as Spire continues to expand its weather data offerings. The company recently introduced two AI-driven weather models called AI-WX and AI-S2S, which extend forecasting capabilities up to 45 days and provide probabilistic insights for extreme weather event preparation.

Spire Global operates a fully deployed satellite constellation that observes Earth using radio frequency technology. The company’s data provides intelligence on global weather, ship and plane movements, and detection of spoofing and jamming activities.

The Luxembourg-based firm maintains offices across the United States, Canada, United Kingdom, Luxembourg, and Germany.

In other recent news, Spire Global Inc. reported its earnings for the second quarter of 2025, showcasing a strong revenue performance. The company achieved GAAP revenue in the range of $18 million to $19 million, which was in line with its projections. This reflects the company’s strategic advancements in space technology. Despite the positive financial results, the stock experienced fluctuations, with an increase during regular trading hours and a decline in aftermarket trading, indicating mixed investor sentiment. These developments highlight the ongoing interest and varying perspectives of investors regarding Spire Global’s performance and future potential.

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