Spire Global Chosen to Aid in Maritime Collision Avoidance Research

Longtime Customer LatConnect 60 in Partnership with Curtin University Awarded Australian Research Council (ARC) Federal Grant

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 that LatConnect 60, an Australian-based satellite data and insights provider, has extended their subscription to Spire’s Automatic Identification System (AIS) vessel tracking data. LatConnect 60 and Curtin University, Western Australia’s largest university, have recently been awarded a federal grant from the Australian Research Council (ARC) to conduct research on maritime collision avoidance in shipping lanes.

LatConnect 60 and Curtin University’s Intelligent Sensing & Perception Laboratory, led by Professor Ba-Ngu Vo, are creating sensor fusion algorithms to help solve this industry-wide issue, using data from satellite sensors, primarily Spire’s maritime domain awareness information. Incorporating this intelligence into maritime traffic monitoring systems is expected to result in more effective collision and contact avoidance strategies and contribute to more accurate predictions of traffic patterns for ship owners and insurers.

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National Geospatial-Intelligence Agency Launches Phase 4a of MagQuest Challenge on HeroX to Advance NASA’s Ability to Measure Earth’s Magnetic Field

Millions of Dollars to Help Accelerate Novel Approaches to Geomagnetic Data Collection for the World Magnetic Model

SPRINGFIELD, Va., September 28, 2021 (HeroX PR) — The National Geospatial-Intelligence Agency (NGA) just launched the Demonstration Phase (Phase 4a) of its MagQuest Challenge to develop novel data collection approaches for the World Magnetic Model.

The WMM ultimately ensures the accuracy of navigation because it corrects for differences in magnetic forces at a user’s location. The model is used by thousands of systems for mobile navigation apps and is critical for military and commercial uses around the world.

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Spire Global and SpaceChain Announce New Partnership

Industry-leading Companies Launching Mission to Demonstrate Blockchain Technology Computation Possibilities in Space

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 partnership with SpaceChain, a global space-as-a-service solutions provider developing the world’s first decentralized satellite infrastructure (DSI). Together, Spire and SpaceChain are launching a mission to demonstrate the feasibility of blockchain technology computation in space and resolve land-based centralized infrastructure issues.

Many in the blockchain industry have been working to reduce points of risk whereby a centralized administrator or authority can tamper with, or in the worst case, steal funds and data. One potential solution is to decentralize access by distributing data across multiple centers, countries, and continents. By deploying a solution in space, Spire and SpaceChain aim to maximize data security and increase the resiliency of computing operations.

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Spire Global and Myriota Partner to Re-Imagine Internet of Things Connectivity

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, today announced a partnership with Myriota, a world-leading provider of secure, low-cost, and long battery life satellite connectivity for the Internet of Things (IoT). The partnership will leverage Spire Space Services to accelerate Myriota’s global service deployment timeline, expanding the Myriota Network using Spire low-earth orbit nanosatellites. Myriota is the first large-scale, commercial, IoT-focused customer of Spire.

Myriota will use Spire’s existing satellite platform and continue to scale the Myriota Network as Spire deploys new satellites. Spire and Myriota plan to quickly ramp up Myriota’s coverage to a global, low latency constellation, expanding Myriota’s existing coverage in North America, Australia and New Zealand to other markets, including Europe. By leveraging Spire’s proven constellation and global operations platform, Myriota expects to quickly and cost-effectively scale its IoT services to meet rising global demand.

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Spire Global to Acquire exactEarth

VIENNA, Va. & CAMBRIDGE, Ontario (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (“exactEarth”) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarth’s Enterprise Value to LTM revenue. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarth’s CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.

“Peter and I share a vision about the opportunity for space-based maritime data and the digitalization of the global maritime industry, and I look forward to pursuing that vision together,” said Peter Platzer, Spire’s CEO. “I have great respect for the highly experienced team at exactEarth and am excited to continue driving this digital transformation together, serving more customers with a more robust data and solutions platform.”

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Spire Global Awarded NOAA Contract to Deliver Satellite Weather Data

VIENNA, Va. (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR) (“the Company” or “Spire”), a leading provider of space-based data, analytics and space services, today announced it has been awarded the next order to provide commercial radio occultation (RO) weather data for the National Oceanographic and Oceanic Administration’s (NOAA) operational Numerical Weather Prediction (NWP) models. The order represents the largest volume of commercial weather data purchased to date by NOAA under the Commercial Weather Data Buy Program.

This purchase comes as NOAA has stated its intention to purchase increasing volumes of commercial RO data. The data provided by Spire will increase the volume of RO data available for assimilation into the national weather prediction models, improving the accuracy of those models and decreasing uncertainty in weather forecasting.

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Spire Global Completes Merger, Goes Public Today on NYSE

  • Spire’s Common Stock to Commence Trading on NYSE Under the Ticker “SPIR”
  • Combined Company to Continue Providing Space-Based Data Solutions and Space Services to Global Customers
  • Gross Proceeds to Spire totaled $265 million, combining funds held in NavSight Holdings’ Trust and concurrent PIPE financing

VIENNA, Va. & RESTON, Va. (Spire Global PR) – Spire Global, Inc. (“Spire” or the “Company”) a leading global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc. (NYSE: NSH) (“NavSight”) to take Spire public. The combined company has been renamed “Spire Global, Inc.” and its shares will commence trading on the New York Stock Exchange on August 17, 2021, under the ticker symbol “SPIR” for Spire common stock and “SPIRW” for Spire warrants.

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Spire Global Partners with Hancom Group in First Commercial Satellite Mission for South Korea

Leading provider of space-based data and analytics chosen to support launch of agricultural product, expand image analysis solutions

VIENNA, Va. & RESTON, Va. (Spire Global PR) –Spire Global, Inc. (“Spire” or “the Company”), a leading provider of space-based data, analytics, and space services, is expanding its East Asian operations, announcing today a new partnership and satellite mission with its first South Korean Space Services customer, Hancom Group, a leading ICT convergence company. This will be the first commercial satellite mission for a private South Korean company.

Hancom will host an optical payload on a Low Earth Multi-Use Receiver (LEMUR), Spire’s 3U nanosatellite, named “HANCOM” to support the launch of a new product focused on the agriculture sector, including landscaping applications, and expansion of its existing image analysis portfolio offerings. In addition to utilizing Spire’s services for its own operations, Hancom will also act as Spire’s first reseller within South Korea. Spire continues to expand its partnerships to serve customers across the world.

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Astra Announces Launch Contract with Spire Global

Astra’s Rocket 3.2 on the launch pad. (Credit: John Kraus)

ALAMEDA, Calif., August 12, 2021 (Astra Space PR) — Astra Space, Inc. (“Astra”) (NASDAQ: ASTR), named Spire Global, Inc.,  as a launch customer, with plans to begin launching with Astra next spring.

“Our platform requires regular and reliable access to space,” said Robert Sproles, Senior Director, Constellation Planning and Operations at Spire Global Inc. “Astra’s dedicated launch service will provide the flexibility to deliver our satellites to the specific orbits they require, on our schedule.”

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EUMETSAT to Buy Meteorological Data from Commercial Supplier for First Time

DARMSTADT, Germany (EUMETSAT PR) — Europe’s meteorological satellite agency, EUMETSAT, is launching an innovative pilot programme to buy, for the first time, data from a commercial satellite fleet operator for use in weather forecasting.

EUMETSAT’s governing council has approved the acquisition of data from Spire Global Luxembourg S.a.r.l. at a maximum cost of €9 million [US $10.6 million] over three years.

EUMETSAT will receive the data, called radio occultation data, from Spire, process it, and disseminate it for use in weather forecast modelling.

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NASA Expands Earth Observation Satellite Data Access for Federal Science Agencies

This Copernicus Sentinel-3 image features Hurricane Dorian as it pummels the Bahamas on 2 September 2019 at 15:16 GMT (11:16 EDT). (Credit: ESA)

WASHINGTON (NASA PR) — NASA has expanded its contract with two space-based imagery companies, Planet and Spire Global, to broaden access to Earth imagery data and enable scientific research across the federal government. Broader access to this satellite data will help answer questions about how Earth is changing and how those changes may impact people and communities.

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Spire Global Awarded Contract for Earth Observation Data

New task order continues delivery of comprehensive space data and opens availability to all U.S. Government-funded researchers and federal agencies

VIENNA, Va. & RESTON, Va. (Spire Global PR) — Spire Global, Inc. (“Spire” or “the Company”), a leading global provider of space-based data and analytics, has announced the continuation of its participation in NASA’s Commercial Smallsat Data Acquisition (CSDA) Program with a six-million-dollar contract extension. The contract continuation, Task Order 6 (TO6), is a subscription data solution that includes radio occultation (RO) data, grazing angle GNSS-RO, total electron content (TEC) data, precise orbit determination (POD) data, soil moisture and ocean surface wind speed GNSS-Reflectometry data, and magnetometer data. This data will be available to all federal agencies, NASA-funded researchers and, more broadly, to all U.S. Government-funded researchers for scientific purposes.

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Launch 2020: India’s Flight Rate Declined Due to COVID-19, but Nation Moved Forward with Commercialization

PSLV-C50 lifts off with the CMS-01 satellite. (Credit: ISRO)

by Douglas Messier
Managing Editor

Hit hard by the COVID-19 pandemic, India’s growing space program managed only two domestic launches last year as it was forced to delay the Gaganyaan human spaceflight program and several other high profile projects.

However, India was able to move forward last year on a sweeping commercialization of its state-controlled space industry designed to make the country internationally competitive.

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SPACovirus Sweeps Space Sector

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?

by Douglas Messier
Managing Editor

Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.

A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.

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Wall Street Thinks Most SPACs are a Joke

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange after merging with a special purpose acquisition company (SPAC). (Credit Virgin Galactic)

by Douglas Messier
Managing Editor

Over at Fast Company, William D. Cohan says professional investors and financial analysts have a low opinion of the special purpose acquisition companies (SPACs), which are being used by Virgin Galactic and six other space companies to go public. (SPACs are an inside joke on Wall Street, and the joke is on you)

SPACs are investment vehicles that are already publicly traded on the stock exchange. Their goal is to acquire or merge with other companies, which then go public under their own names.

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