1. Spire awarded a $2.5M contract by NOAA for ocean wind data. 2. The contract aims to improve weather forecasts and climate research. 3. Spire will deliver GNSS-R data in near real-time for ocean winds. 4. Results will inform NOAA's future integration of satellite data. 5. This initiative enhances Spire's positioning in climate-related services.
The NOAA contract boosts Spire's visibility and revenue potential. Enhanced forecasting capabilities can lead to increased demand for their services, similar to past government contracts that have positively affected similar tech companies' stock prices.
The awarded contract positions Spire in a critical government initiative, enhancing growth potential in the weather data sector. This development is likely to increase investor confidence and market interest in their stock.
The contract's outcomes will impact Spire's business direction and partnerships. Long-term integration of commercial satellite data into weather applications can significantly enhance future revenue streams.
Spire to provide ocean wind data to strengthen weather forecasting and climate research
Spire Global, Inc. (NYSE:SPIR) ("Spire" or "the Company"), a leading global provider of space-based data, analytics and space services, today announced it was awarded a $2.5 million, 9-month contract by the National Oceanic and Atmospheric Administration (NOAA) for satellite weather data. The contract is part of NOAA's Commercial Weather Data Pilot (CWDP) Ocean Surface Winds Pilot Study to evaluate how commercial satellite observations can improve measurements of ocean surface winds — a critical factor in forecasting hurricanes, winter storms, and other severe weather.
Under the contract, Spire will deliver Global Navigation Satellite System Reflectometry (GNSS-R) data in near real-time, focusing on ocean surface wind speeds. NOAA will use this data to assess how commercial satellite observations can enhance weather forecasting models and advance climate research. The initiative supports NOAA's mission need for accurate and comprehensive measurements of global ocean surface winds, which are critical for marine forecasts, hurricane prediction, winter storm tracking, understanding the global water cycle and more.
"Ocean wind data is essential for improving forecasts, tracking severe storms, and advancing climate research," said Theresa Condor, Chief Executive Officer at Spire Global. "We're proud to partner with NOAA to utilize our satellite and GNSS-R data to advance the measurement of ocean winds, strengthen forecasts, and support efforts to protect lives and property from severe weather."
The 9-month contract, commencing September 10, 2025, will consist of two phases: Data Delivery and Evaluation. The pilot will focus on ocean surface wind analysis, including assessing GNSS-R's ability to capture stronger tropical cyclone winds, with results expected to inform future NOAA efforts to integrate commercial satellite data into weather and climate applications.
About Spire Global, Inc.
Spire (NYSE:SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire's satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.
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