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Spire Global, Inc. is a global provider of space-based data, analytics, and space services, leveraging one of the world’s largest multi-purpose satellite constellations in low Earth orbit. The company collects unique datasets using radio frequency technology and delivers actionable insights to help organizations make informed decisions. Spire monetizes its data through subscription arrangements and milestone-based projects, serving industries such as maritime, aviation, weather, and global security.
- Maritime - Provides space-based data for ship monitoring, safety, and route optimization, utilizing Automatic Identification Systems (AIS) data.
- Aviation - Offers space-based data for aircraft monitoring, safety, and route optimization, leveraging Automatic Dependent Surveillance–Broadcast (ADS–B) data.
- Weather - Delivers highly accurate weather forecasting data using radio occultation (RO) technology and Global Navigation Satellite Systems (GNSS) satellites.
- Space Services (Space-as-a-Service) - Enables customers to launch software, payloads, or dedicated satellite constellations using Spire’s infrastructure, providing customized data through subscription agreements.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Boyd Johnson Executive | Chief Legal Officer, Chief Administrative Officer, General Counsel, and Corporate Secretary | None | Boyd Johnson joined Spire in September 2022 and was promoted to his current roles in December 2023. He has extensive legal and compliance experience. | |
Celia Pelaz Executive | Chief Operating Officer (COO) | None | Celia Pelaz joined Spire as COO on January 6, 2025. Previously, she was COO at HENSOLDT AG and played a major role in its IPO and strategic direction. | |
Gabriel Oehme Executive | Chief Transformation Officer | None | Gabriel Oehme became Chief Transformation Officer on January 6, 2025. He has 22 years of experience at Airbus and was previously Managing Director and CCO of Aerotech Peissenberg. | |
Theresa Condor Executive | Chief Executive Officer (CEO) | None | Theresa Condor became CEO on January 1, 2025. She has been with Spire since February 2013 and previously served as COO. She played a key role in expanding Spire's offerings and growing its customer base. | View Report → |
Thomas Krywe Executive | Interim Chief Financial Officer | None | Thomas Krywe was reappointed as interim CFO on December 2, 2024, after previously serving as CFO until September 2023. He played a role in selling Spire's maritime business. | |
Joan Amble Board | Director | Zurich Insurance Group AG, Booz Allen Hamilton Holding Corp., President of JCA Consulting, LLC | Joan Amble has been a director since August 2022. She has extensive experience in finance and governance, having held senior roles at American Express and GE. | |
Stephen Messer Board | Director | Member of Zephir Worldwide LLC, Vice Chairman and Co-Founder of Collective[i], President and Co-Founder of World Evolved Services, LLC | Stephen Messer has been a director since August 2021. He has extensive experience in technology and AI, co-founding several companies. | |
William Porteous Board | Director | Chairman of BlackSky Technology Inc., Board member at Nanit, Paperless Post, Pattern, Pilot Fiber, Ursa, Wave, General Partner at RRE Ventures, Co-Chairman of Dockery Farms Foundation | William Porteous has been a director since August 2021. He has extensive business and leadership experience, serving on numerous boards. |
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Given the impact of increased solar cycle activity on your Lemur constellation, which led to lower-than-anticipated sales due to early de-orbiting and delays in countermeasures , what specific steps are you taking to mitigate these effects and ensure consistent data production going forward?
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The delay in new and follow-on orders from government agencies, particularly affecting your RFGL business due to the continuing resolution, contributed to revenue shortfalls in Q1. How do you plan to reduce dependency on government contracts and diversify your revenue streams to prevent similar issues in the future?
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Considering the underperformance of a third-party propulsion unit that caused delays in revenue production for a space services mission , how are you addressing supply chain risks to ensure reliability and prevent such disruptions in upcoming projects?
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Despite the revenue shortfall, you are committed to achieving positive free cash flow this summer and sustained profitability thereafter. Can you provide specific details on the cost management and operational efficiency measures you are implementing to meet these targets without compromising growth?
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With increasing competition in the space services sector and the possibility of customers like HANCOM switching to other providers despite high switching costs , what are your strategies to retain these clients and what unique value does Spire offer to secure future constellation deployments?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Orbcomm Inc. | This competitor is identified as a primary competitor in the maritime data vertical, specializing in services similar to those offered by the company in this sector. |
Aireon LLC | This competitor is identified as a primary competitor in the aviation data vertical, specializing in services similar to those offered by the company in this sector. |
PlanetiQ | This competitor is identified as a primary competitor in the weather data vertical, particularly with respect to radio occultation data services. |
GeoOptics, Inc. | This competitor is identified as a primary competitor in the weather data vertical, particularly with respect to radio occultation data services. |
AccuWeather, Inc. | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
Weathernews Inc. | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
MeteoGroup (acquired by DTN, LLC) | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
Tomorrow.ai | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
Climavision | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
The Weather Company | This competitor is identified as a primary competitor in predictive analytics, offering analytics services similar to those provided by the company. |
AAC Clyde Space | This competitor is identified as a primary competitor in the Space Services channel, competing with the company in providing space-based services. |
GomSpace A/S | This competitor is identified as a primary competitor in the Space Services channel, competing with the company in providing space-based services. |
NanoAvionics LLC | This competitor is identified as a primary competitor in the Space Services channel, competing with the company in providing space-based services. |
ISISSpace | This competitor is identified as a primary competitor in the Space Services channel, competing with the company in providing space-based services. |
Open Cosmos Ltd. | This competitor is identified as a primary competitor in the Space Services channel, competing with the company in providing space-based services. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
exactEarth Ltd. | 2021 | Completed acquisition: Spire Global, Inc. acquired exactEarth Ltd. on November 30, 2021 for approximately $127.0 million (comprised of $102.5 million in cash and $24.5 million in shares) via its subsidiary, following shareholder and court approvals, adding $18 million ARR and over 150 customers. |
Recent press releases and 8-K filings for SPIR.
Spire Global Announces $40 Million Private Placement
- Spire Global, Inc. announced a private placement transaction expected to raise $40.0 million in gross proceeds before fees by selling 5.0 million shares of its Class A common stock (or pre-funded warrants) at $8.00 per share.
- The pre-funded warrants have an exercise price of $0.0001 per share, are available for immediate exercise, and the transaction closed on or about March 14, 2025.
- The net proceeds from the placement are intended to be used for working capital and general corporate purposes.
Spire Global Amends Financing Agreement Terms
- Spire Global, Inc. announced a Waiver and Amendment No. 5 to its Financing Agreement with Blue Torch Finance LLC and associated lenders, addressing defaults and modifying financial covenants, including adjustments to leverage and liquidity requirements.
- The amendment introduces changes such as a fifth amendment fee of $2.50 million, extension fees, and the capitalization of PIK interest, while requiring the company to secure a liquidity management advisor and incur junior capital by March 21, 2025.