Spire Global Reports $18 Million First Quarter Loss

  • Revenue increased to $18.1 million resulting in 86% year over year (YoY) growth
  • ARR of $81.6 million reflected $10.9 million of sequential and 134% YoY growth
  • Improved full year guidance – increased ARR low end range; lowered operating loss1
  • Reaffirmed remaining guidance

VIENNA, Va. (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”) a leading provider of space-based data, analytics and space services, today announced results for its quarter ended March 31, 2022.

“The first quarter was defined by strong execution, delivering results that exceeded our expectations on the top and bottom line. As market volatility, inflationary pressures, and supply chain constraints continue to make headlines, Spire is bringing insights to help our customers drive stability and operational efficiencies during these dynamic times,” said Peter Platzer, Spire’s CEO. “Customers recognize the value of Spire data, and we have seen them expand across our data products and up the data value chain. We look for continued growth and further customer diversity as more use cases for Spire’s data become apparent.”

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SES Partners with NorthStar Earth & Space to Tackle Space Sustainability Challenges

Collaboration will improve Space Situational Awareness and promote best practices in all near-Earth orbits for SES and its partners

Luxembourg, 31 March 2022 (SES PR) – A partnership to enhance Space Situational Awareness (SSA) and ensure a sustainable use of space has been formed between SES, the world’s leading satellite-based content connectivity solutions provider, and NorthStar Earth and Space (NorthStar), the first commercial service to monitor space from space, both companies announced today.  

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Spire Global Announces Landmark Space-as-a-Service Contract with NorthStar Earth & Space for a Dedicated Constellation

Collaboration will deliver space-based Space Situational Awareness services to protect critical satellite infrastructure

VIENNA, Va. (Spire Global PR) –Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services, announced today a new space-as-a-service agreement with NorthStar Earth & Space (“NorthStar”), a comprehensive Earth & Space Information Services Platform, to build a constellation of satellites focused on space-situational awareness (SSA) and debris monitoring. The first award within the contract is for three satellites, with pre-agreed options for NorthStar to scale the constellation to dozens of satellites as their business operational needs grow.

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Luxembourg Invests in NorthStar Earth & Space That Establishes its European Headquarters in Grand Duchy to Support Sustainable Space Activities

LUXEMBOURG, DECEMBER 17, 2021 (NorthStar Earth & Space PR) – The Luxembourg Future Fund (LFF) will be investing in NorthStar Earth & Space. The investment is building on the announcement made in December 2019 of a partnership between Luxembourg’s Ministry of the Economy and the Canadian-based company.

For nearly four decades, Luxembourg has been at the forefront of commercial and co-operative initiatives that have shaped a vibrant space economy by attracting ground-breaking companies in this sector. NorthStar is the first commercial service aiming at monitoring space, from space, via a constellation of satellites with dedicated optical sensors to deliver timely and precise Space Traffic Data, Collision Avoidance and Navigation Services. Monitoring of space objects has, so far, mainly been done using ground-based data. This method gives information on the distribution of space objects but has limitations when it comes to small objects, which can also cause serious damages due to their velocity.

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NorthStar Teams with Canadian Coast Guard, INRS to Develop Earth Observation Monitoring System for Canada’s Marine and Coastal Environments

MONTREAL, CANADA, July 22, 2021 (NorthStar Earth & Space PR) — NorthStar Earth & Space (NorthStar) announced that it is collaborating with the Canadian Coast Guard (CCG) to develop a prototype Earth Observation Monitoring System for Marine and Coastal Environments (EOMCE) to improve information quality and deliver critical knowledge on marine pollution, ice conditions, and coastal ecosystems directly impacted by climate change.

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NorthStar Building World’s First Satellite Constellation to Combat Imminent Threat of Space Collisions

Skylark satellites (Credit: NorthStar)

MONTREAL (NorthStar Earth & Space PR) — NorthStar Earth & Space (NorthStar), a Canadian company with a first-in-space mission to deliver safe and sustainable operations for the rapidly accelerating New Space Economy, has contracted Thales Alenia Space (TAS) to build the first three satellites of its debut “Skylark” constellation for Space Situational Awareness (SSA) services, with Seattle, WA’s LeoStella overseeing the final assembly.

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Luxembourg, NorthStar Create Centre of Excellence for Clean Space

Luxembourg (Luxembourg Government PR) — The Luxembourg Government and NorthStar Earth & Space signed a Letter of Intent to create a Centre of Excellence for Clean Space in Luxembourg and to consider a contribution to NorthStar and its innovation activities in order to promote the safe and sustainable use of outer space for the benefit of all humanity.

The Centre will be operated by NorthStar in Luxembourg, it will deliver highly accurate Space Traffic Management and Space Situational Awareness information services. The Centre of Excellence for Clean Space will enable collaboration and cooperation with the international academic, industrial and governmental partners from the space and data analytics sectors already established in Luxembourg. This will promote an open, safe and sustainable use of outer space for the benefit of all mankind, common goals shared by Luxembourg and NorthStar.

Étienne Schneider, Luxembourg’s Deputy Prime Minister and Minister of the Economy stated: “The establishment of this Centre in the Grand-Duchy is in line with the country’s efforts to stimulate innovation and technological development in the data space sector. The project fits perfectly into our national data-based innovation strategy that aims at building a sustainable and reliable digital economy in general and the sustainable commercialization of space activities in particular.”

“The world faces global challenges which require technology companies and governments to innovate together,” said Stewart Bain, CEO and Co-Founder of NorthStar Earth & Space. “NorthStar is dedicated to developing solutions critical to space governance, security and sustainability.  As we move into the year 2020 and beyond, we are proud to have Luxembourg as our partner.”

Luxembourg, NorthStar to Cooperate on a Common Clean Space Initiative

MONTREAL (Luxembourg Space Agency PR) — During the visit of Luxembourg’s Deputy Prime Minister, Minister of the Economy, Étienne Schneider to the NorthStar Earth & Space headquarters in Montreal, a cooperation was launched to enable a Clean Space initiative to foster sustainability in space.

The Clean Space initiative would evaluate the use of NorthStar Earth and Space Information services with the support of Luxembourg’s insurance, financial and satellite operator communities to address some of the key issues related to space traffic management, sustainable commercialization of space activities, insurance products for space operations to promote growth in commercial space activities, and satellite operational challenges.

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NorthStar E&S, ExoAnalytic Solutions Team on Space Situational Awareness

LONDON, April 1, 2019 (NorthStar Earth & Space PR) – A strategic cooperation between ExoAnalytic Solutions of Foothill Ranch, California and NorthStar Earth & Space of Montreal, Quebec was announced today at the 2019 Space Situational Awareness Conference in London.

The two companies will collaborate on the development of new commercial services to protect satellites and other high-value space assets from potentially catastrophic collisions with space debris and other orbiting objects. The comprehensive global telescope network of ExoAnalytic Solutions and the sensors deployed on NorthStar’s satellite constellation, will combine to enable space situational awareness information of unique dimension, precision and timeliness.

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NorthStar Earth and Space Raises $39.5 Million for Global Environment Information Platform

Earth as seen from the DSCOVR spacecraft. (Credit: NASA)

MONTREAL (NorthStar Earth and Space PR) — Human beings have left a legacy to Earth which threatens the sustainability of our planet and the livelihoods of future generations.  The cause: a lack of tools to manage and monitor our impact on the environment. NorthStar Earth & Space Inc. (NorthStar E&S) is pleased to announce C$52 million [US$39.5 million] in additional financing from strategic partners for the development of NorthStar, a global environment information platform which will transform humanity’s ability to manage our impact on Earth and its natural resources.

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