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Spire Global Selected for U.S. Space Force Contract with $237 Million Ceiling

1. Spire Global has secured a $237 million contract with the U.S. Space Force. 2. This 10-year deal enhances Spire's position in the defense data market.

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FAQ

Why Very Bullish?

Securing a significant government contract enhances revenue stability and growth potential. Historical instances show defense contracts can positively affect stock performance, particularly for companies like Spire.

How important is it?

The contract is a major milestone that will likely result in increased investor confidence and potential stock appreciation.

Why Long Term?

The 10-year nature of this contract suggests sustained revenue, impacting SPIR's financial health positively over time; past contracts have similarly driven long-term stock appreciation.

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VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, has been selected by the U.S. Space Force's Space Systems Command for an Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the Space Test Experiments Platform (STEP) 2.0 program. The 10-year contract has a ceiling of $237 million and is part of the Department of Defense's broader Space Test Program. As one of 12 companies sele.

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