Spire Global Wins $28M NOAA Contract for Hyperspectral Microwave Sounding
SPIR has more than doubled off its 52-week low of $6.6.
Summary
Spire Global secured a two-year, $28 million contract from NOAA to advance hyperspectral microwave sounding technology toward operational weather forecasting. The award builds on a $3 million NOAA extension earlier this month and the January 2026 HyMS demonstrator launch, moving the technology from demonstration toward flight readiness. This is a material win for a company with a $558 million market cap and recent revenue declines, adding a significant government contract to its backlog. The contract targets operational capability by 2030, providing a long-term revenue stream and validating Spire's commercial satellite platform for NOAA missions.
At the time of this announcement, SPIR was trading at $14.27 on NYSE in the Technology sector, with a market capitalization of approximately $557.7M. The 52-week trading range was $6.60 to $25.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.