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Spire Global Awarded European Space Agency Contract for Weather Data

1. Spire Global awarded contract by ESA for historical weather data. 2. This may enhance Spire's revenue and visibility in the space data market.

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FAQ

Why Bullish?

Spire's contract with ESA could lead to increased revenue and market recognition. Historically, similar contracts have positively impacted stock prices in the aerospace sector.

How important is it?

The contract signifies growth potential for Spire in the space data market, directly impacting investor sentiment. Positive collaboration with ESA attracts attention from analysts and investors.

Why Long Term?

The contract will likely result in ongoing revenue opportunities, improving SPIR's financial outlook over time. Contracts with reputable organizations like ESA typically lead to sustained partnerships.

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LUXEMBOURG--(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 contract by the European Space Agency (ESA) under the Third Party Mission (TPM) programme to supply historical weather data collected by its satellites. Under the programme, European researchers will have access to Spire's historical Earth intelligence data, including GNSS-Reflectometry and Polarimetric Radio Occultation data.

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