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Spire Global Awarded $1.2 Million NASA Contract Renewal for Earth Observation Data

1. Spire Global awarded $1.2M NASA contract extension for satellite data services. 2. This follows a previous $6.7M task order, showing continued demand.

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Why Bullish?

The consistent contract extensions from NASA indicate reliability and steady revenue growth, which could positively influence SPIR's market perception. Historical patterns from other aerospace companies show stock appreciation following strong government contracts.

How important is it?

Given the size of the contract and NASA's ongoing investment in satellite data acquisition, the award is material and should significantly contribute to SPIR's revenue in the upcoming quarter.

Why Short Term?

The immediate financial benefits from the contract boost can positively affect SPIR’s stock in the near term, similar to cases seen with similar companies upon contract renewals.

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NASAMAXRPLAVAV
VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was awarded a $1.2 million, two-month task order extension modification from NASA to continue participation in its Commercial Satellite Data Acquisition (CSDA) Program. The award is an extension to a $6.7 million, 12-month task order awarded in August 2024. Under the task order, Spire will continue to deliver its comprehensive Earth obser.

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