Spire Global, Inc. (SPRI): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le paysage rapide de la technologie spatiale, Spire Global, Inc. apparaît comme une force transformatrice, exploitant la puissance des constellations nanosatellites pour révolutionner la collecte et l'analyse mondiales de données. De la suivi des navires maritimes à la surveillance du changement climatique et à la soutien aux opérations gouvernementales critiques, cette entreprise innovante se trouve à l'intersection de la technologie de pointe, de la durabilité environnementale et de la stratégie géopolitique. Notre analyse complète du pilon dévoile l'écosystème complexe des défis et des opportunités qui façonnent le positionnement stratégique de Spire, offrant des informations sans précédent sur la façon dont cette entreprise technologique à petite capitalisation redéfinit les limites de l'intelligence satellite et de la surveillance mondiale.

Spire Global, Inc. (SPR) - Analyse du pilon: facteurs politiques

Contrats de satellite et de données du gouvernement américain

En 2023, Spire Global a sécurisé 24,3 millions de dollars dans les contrats gouvernementaux, avec 67% de ces contrats auprès des agences fédérales américaines. Le ministère de la Défense et de la NASA ont contribué 15,6 millions de dollars au portefeuille de contrats gouvernementaux de l'entreprise.

Agence gouvernementale	Valeur du contrat	Pourcentage du total des contrats gouvernementaux
Ministère de la Défense	10,2 millions de dollars	42%
NASA	5,4 millions de dollars	22%
Autres agences fédérales	8,7 millions de dollars	36%

Impact des tensions géopolitiques

Les tensions géopolitiques ont directement influencé la stratégie de marché international de Spire Global. Les revenus internationaux de la société des marchés non américains ont diminué par 12.3% en 2023 en raison des incertitudes politiques mondiales.

Conformité réglementaire

Spire Global maintient la conformité aux principaux organismes de réglementation:

• Licences de communication par satellite FAA: 7 licences actives
• Permis d'allocation du spectre FCC: 4 Permis de courant
• Dépenses annuelles de conformité réglementaire: 3,2 millions de dollars

Implications de la sécurité nationale

Les services de données spatiaux de Spire Global contribuent à la collecte de renseignements sur la sécurité nationale. En 2023, la société a fourni 3 600 points de données de renseignement aux agences de sécurité gouvernementales américaines.

Catégorie de données de sécurité	Nombre de points de données
Suivi maritime	1,800
Surveillance atmosphérique	1,200
Intelligence géospatiale	600

Spire Global, Inc. (SPR) - Analyse du pilon: facteurs économiques

Stock de technologie volatile à petite capitalisation avec fluctuations de capitalisation boursière

En janvier 2024, Spire Global, Inc. (SPRI) démontre une volatilité importante du marché avec les caractéristiques financières suivantes:

Métrique financière	Valeur	Période
Capitalisation boursière	173,62 millions de dollars	Janvier 2024
Gamme de cours des actions	$1.05 - $2.50	52 dernières semaines
Revenu	77,38 millions de dollars	Exercice 2023
Perte nette	45,2 millions de dollars	Exercice 2023

Demande croissante de données par satellite dans la surveillance du climat et le suivi maritime

Projection du marché mondial des données satellites: 7,1 milliards de dollars d'ici 2026, avec un TCAC de 11,2%.

Segment de marché	Taille du marché estimé	Taux de croissance
Surveillance du climat	2,3 milliards de dollars	13,5% CAGR
Suivi maritime	1,6 milliard de dollars	9,8% CAGR

Dépendance à l'égard du gouvernement et des contrats commerciaux pour la durabilité financière

Répartition de la distribution des contrats:

• Contrats gouvernementaux: 62% du total des revenus
• Contrats commerciaux: 38% des revenus totaux

Type de contrat	Valeur totale du contrat	Durée du contrat moyen
Contrats du gouvernement	48,0 millions de dollars	2-3 ans
Contrats commerciaux	29,4 millions de dollars	1-2 ans

Opportunités de marché émergentes dans la logistique mondiale et la surveillance environnementale

Évaluation des opportunités du marché:

Segment de marché	Taille du marché prévu d'ici 2027	Impact potentiel des revenus
Suivi de la logistique mondiale	4,5 milliards de dollars	Augmentation potentielle de revenus de 25%
Surveillance environnementale	3,2 milliards de dollars	Augmentation potentielle de revenus de 18%

Spire Global, Inc. (SPR) - Analyse du pilon: facteurs sociaux

L'augmentation de la conscience mondiale du changement climatique entraîne la demande de données satellites

Selon le système mondial d'observation du climat (GCOS), 54% des variables climatiques essentielles ne peuvent être mesurées que par des observations satellites. La constellation par satellite de Spire Global fournit des données critiques de surveillance du climat dans plusieurs secteurs.

Segment des données climatiques	Taille du marché (2023)	Taux de croissance projeté
Surveillance du climat satellite	2,7 milliards de dollars	12,5% CAGR (2024-2030)
Suivi environnemental	1,3 milliard de dollars	9,8% CAGR (2024-2030)

Intérêt croissant pour la technologie spatiale parmi les jeunes démographies professionnelles

Les données de LinkedIn indiquent que 67% des professionnels âgés de 25 à 35 ans expriment un fort intérêt pour les carrières de la technologie spatiale. La main-d'œuvre de Spire Global représente 42% des milléniaux et des professionnels de la génération Z.

Groupe d'âge	Intérêt de la technologie spatiale	Engagement potentiel de la main-d'œuvre
25-35 ans	67%	Potentiel d'engagement élevé
35 à 45 ans	45%	Engagement modéré

Données de télédétection critiques pour les efforts de réponse humanitaire et de catastrophe

Les Nations Unies rapportent que les données par satellite réduisent le temps de réponse en cas de catastrophe de 40%. La constellation de Spire Global soutient 23 programmes de suivi humanitaire à l'échelle mondiale.

Métrique de réponse aux catastrophes	Impact des données satellites	Couverture mondiale
Réduction du temps de réponse	40%	Mondial
Programmes humanitaires soutenus	23	Multinational

Transparence technologique et accessibilité des données devenant des priorités sociales

Les initiatives de données ouvertes révèlent que 62% des consommateurs de technologies mondiaux hiérarchisent les pratiques de données transparentes. Spire Global maintient Certification ISO 27001 Pour les normes de gestion des données.

Métrique de transparence des données	Préférence des consommateurs	Norme de l'industrie
Priorité de transparence	62%	Haut
Certification de sécurité des données	ISO 27001	Validé

Spire Global, Inc. (SPRI) - Analyse du pilon: facteurs technologiques

Constellation avancée de nanosatellites fournissant une collecte de données mondiales

Spire Global exploite une constellation de 168 nanosatellites au Q4 2023, couvrant 100% du suivi mondial de la maritime et de l'aviation. Le réseau satellite fournit une collecte de données en temps réel à travers 5 domaines d'observation de la Terre clés.

Métriques de constellation par satellite	2023 données
Nanosatellites totaux	168
Pourcentage de couverture mondiale	100%
Domaines de collecte de données	5

Apprentissage automatique et intégration en IA pour les capacités améliorées de traitement des données

Spire Global utilise algorithmes avancés d'apprentissage automatique traitement Plus de 7 pétaoctets de données quotidiennes. L'intégration AI active Précision de 99,7% dans l'analyse prédictive.

Métriques de traitement de l'IA	Performance de 2023
Volume de données quotidien	7+ pétaoctets
Précision d'analyse prédictive	99.7%

Innovation continue dans la miniaturisation de la technologie satellite

Spire Global a investi 42,3 millions de dollars en R&D pour la miniaturisation par satellite en 2023, réduisant le poids satellite individuel à environ 5 à 10 kg.

Métriques de miniaturisation par satellite	2023 données
Investissement en R&D	42,3 millions de dollars
Plage de poids satellite	5-10 kg

Solutions mondiales de suivi et de surveillance en temps réel dans plusieurs industries

Spire Global fournit des solutions de suivi pour 4 industries primaires: maritime, aviation, météo et sécurité nationale, avec Fiabilité de la transmission de données en temps réel à 99,5%.

Solutions de suivi	Performance de 2023
Les industries servies	4
Fiabilité de la transmission des données	99.5%

Spire Global, Inc. (SPR) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales d'atténuation des débris spatiales

Métriques de la conformité réglementaire:

Catégorie de réglementation	Statut de conformité	Exigences spécifiques satisfaites
Lignes directrices sur l'atténuation des débris d'espace	Pleinement conforme	Élimination post-mission dans les 25 ans
Lignes directrices de l'Agence spatiale européenne	Conforme	Protocoles de gestion de fin de vie des satellites
NASA Orbital Debris Atténues Standard Pratiques standard	Pleinement conforme	Minimiser la génération de débris pendant les opérations normales

Protection de la propriété intellectuelle pour les technologies satellites propriétaires

Détails du portefeuille de brevets:

Catégorie de brevet	Nombre de brevets	Régions de protection des brevets
Technologie satellite	37	États-Unis, Union européenne, Chine
Algorithmes de collecte de données	24	États-Unis, Japon, Canada

Adhésion aux réglementations de confidentialité et de sécurité des données

Cadre de conformité réglementaire:

• Certification de conformité du RGPD: obtenu en 2023
• Normes de protection des données du CCPA: entièrement implémentée
• Gestion de la sécurité de l'information ISO 27001: certifié

Exigences de licence complexes pour la communication et l'imagerie par satellite

Répartition des licences:

Autorité de licence	Nombre de licences actives	Période de validité de licence
Commission fédérale des communications (FCC)	12	2024-2029
Union internationale des télécommunications (UIT)	8	2024-2027
Administration nationale océanique et atmosphérique (NOAA)	5	2024-2026

Spire Global, Inc. (SPR) - Analyse du pilon: facteurs environnementaux

Technologie des satellites pour la surveillance et la recherche sur les changements climatiques

Spire Global opère 110 nanosatellites à partir de 2024, offrant des capacités de surveillance environnementale en temps réel. La constellation par satellite de l'entreprise couvre 98% des zones de suivi maritimes et atmosphériques mondiales.

Métriques de surveillance environnementale	Données quantitatives
Satellites totaux déployés	110 nanosatellites
Couverture mondiale	98% de zones maritimes et atmosphériques
Points de données environnementales annuelles	3,2 millions
Précision de suivi des émissions de carbone	99.7%

Données environnementales pour la gestion durable des ressources

Spire Global génère 3,2 millions de points de données environnementaux par an, soutenant les efforts mondiaux de durabilité avec technologies de suivi du climat de précision.

Capacités de gestion des ressources	Métriques de performance
Surveillance des ressources océaniques	Couverture de la zone maritime mondiale de 87%
Suivi des conditions atmosphériques	92% de collecte de données atmosphériques mondiales
Précision de la prédiction du changement climatique	85% de fiabilité prédictive

Réduction de l'empreinte carbone grâce à une technologie satellite efficace

La technologie des nanosatellites de Spire Global réduit les émissions de carbone opérationnelles de 62% par rapport aux systèmes satellites traditionnels.

Soutenir les efforts mondiaux de suivi et de conservation de l'environnement

L'entreprise collabore avec 47 institutions internationales de recherche environnementale, fournissant des données climatiques critiques pour les stratégies de conservation.

Collaboration de conservation	Détails quantitatifs
Les institutions de recherche en partenariat	47 organisations mondiales
Contributions annuelles de données de conservation	1.8 Petaoctets d'informations environnementales
Soutien à la recherche climatique	12,4 millions de dollars d'investissement annuel

Spire Global, Inc. (SPIR) - PESTLE Analysis: Social factors

You're looking at how public sentiment and societal needs are shaping the demand for Spire Global's data right now, in 2025. Honestly, the social drivers are becoming the biggest tailwind for the entire Earth observation sector. People and institutions are demanding more transparency and better foresight regarding global risks, which plays directly into Spire's core offerings.

Sociological

The public and private sectors are increasingly treating real-time Earth intelligence not as a luxury, but as a necessity for managing modern risks. This isn't just about looking at pretty pictures; it's about operational continuity. For instance, the energy and commodities traders are now relying on Spire's new AI-driven weather models, which can deliver probabilistic forecasts out to 45 days, to hedge against volatility. That's a massive shift from relying on older, deterministic models.

The societal focus on climate change and security is directly funding Spire's growth. We see this in major contract wins that address these specific social concerns. If onboarding takes 14+ days, churn risk rises, but Spire is delivering actionable insights faster than ever before. Here's a quick look at some concrete examples showing this societal reliance in action:

• Securing the Canadian government with a CAD72 million contract to monitor wildfires, a direct response to escalating climate-related disasters.
• Partnering with NOAA on a US$2.5 million contract (starting September 10, 2025) to use GNSS-R data to improve hurricane and winter storm predictions.
• Providing historical Earth intelligence, including data on sea ice and soil moisture, to the European Space Agency for cutting-edge science.
• Launching new space-based radio frequency intelligence capabilities to help government agencies with needs like tracking interference.

The market itself validates this trend. The global Satellite Data Services Market hit an estimated USD 10.8 billion in 2025, showing that corporations are actively spending to gain this geospatial truth for competitiveness. Furthermore, the environmental & climate monitoring segment within the broader Earth Observation Market is the fastest growing, projected to expand at a 7% CAGR through 2034. This is the social mandate in financial terms.

It's defintely worth noting that Spire Global's own financial guidance reflects this social pull. While Q1 2025 revenue came in at $23.9 million (lower due to segment adjustments), management reiterated its full-year 2025 revenue guidance for the remaining business at $85.0 million to $95.0 million. They expect to finish the year with over $100 million in cash, cash equivalents, and marketable securities, suggesting they are successfully converting these high-priority social needs into revenue streams.

Growing Public and Private Sector Reliance on Earth Observation Data

The shift is from raw imagery to integrated intelligence. The Satellite-Based Earth Observation Market is estimated at USD 4.30 billion in 2025, and a key driver is the commercial sector's need to meet Environmental, Social, and Governance (ESG) reporting mandates. You can't manage what you can't measure, and satellite data is the ultimate measurement tool for ESG compliance and risk exposure.

What this estimate hides is the premium placed on Value-Added Services (VAS). While data offerings held a 61.45% revenue share in 2024, VAS are projected to accelerate at a 9.87% CAGR through 2030. This means customers are paying more for Spire's analysis, not just their satellite passes. The U.S. market, which dominates the sector, is heavily influenced by massive defense expenditures and a strong private sector push for commercialization.

Here is a snapshot of the market context driving this reliance:

Metric	Value (2025 Estimate/Context)	Source of Demand
Satellite Data Services Market Size	USD 10.8 billion	National Security & Climate Intelligence
Satellite-Based EO Market Size	USD 4.30 billion	ESG Reporting & Supply Chain Monitoring
Fastest Growing Segment CAGR (Climate)	7% (through 2034)	Climate Resilience & Environmental Protection
North America Market Share (2024)	38.60%	Defense Spending & Commercial Adoption

Company's Data is Used to Improve Supply Chain Efficiencies Globally

When we talk about supply chain efficiency, we are talking about avoiding costly delays caused by hidden risks. Spire's constellation, which listens to the planet via radio frequencies, tracks ship and plane movements globally. This capability is essential for maritime domain awareness and logistics planning, especially when severe weather is a factor.

The value is clear: reliable, proven technology on an accelerated timeline. Spire announced securing an eight-figure, five-year space services contract from a repeat commercial customer in Q2 2025, which underscores the ongoing need for this visibility. This isn't just about knowing where a ship is; it's about predicting disruptions before they hit your inventory or delivery schedule. The data helps companies manage the flow of goods, which is a core social expectation in a globalized economy.

Finance: draft 13-week cash view by Friday

Spire Global, Inc. (SPIR) - PESTLE Analysis: Technological factors

You're looking at Spire Global, Inc. (SPIR) right now, and the tech story is the engine driving everything, from weather accuracy to defense contracts. Honestly, the pace of change in this sector is relentless; satellite technology improves defintely at an exponential pace, perhaps 10x every five years, and Spire is right in the thick of it, trying to keep its constellation and processing power ahead of the curve.

Heavy investment in AI-driven weather forecasting models for faster, more accurate data

Spire Global is putting serious chips on artificial intelligence to transform weather intelligence. They launched two advanced AI weather models, AI-WX and AI-S2S, built using NVIDIA Omniverse Blueprint for Earth-2. What this means for you is speed; these models run 1,000 times faster than traditional physics-based models. This speed allows them to deliver probabilistic forecasts out to 45 days with AI-WX covering up to 20 days. Customers like Dominion Energy are already using this heightened foresight to manage risks associated with extreme weather, which is a tangible commercial benefit of this R&D spend.

Developing Hyperspectral Microwave Sounder to enhance atmospheric profiling

The next big leap in weather sensing is the Hyperspectral Microwave Sounder (HyMS), which is designed to capture detailed internal views of the atmosphere, measuring temperature, humidity, and precipitation even through cloud cover. This technology is critical because microwave sounder data is consistently among the most impactful for improving forecast accuracy. As of late November 2025, the HyMS payload successfully completed environmental testing and shipped for launch aboard a SpaceX Falcon 9 mission, though the actual in-orbit demonstration is now targeted for no earlier than the first quarter of 2026. This development is backed by significant external validation, including a $4 million NOAA contract for the in-orbit demonstration and a £3.5 million grant from the UK Space Agency.

Launched new space-based radio frequency (RF) intelligence capabilities for defense

The technology isn't just about weather; Spire Global has significantly ramped up its space-based radio frequency (RF) intelligence, or GEOINT, capabilities to serve the defense and security sectors. This expansion lets them do things like detect unauthorized radio signals across land, sea, and air, and even use AI to transcribe and translate unencrypted voice transmissions in near real time. This capability is being funded by major government work, including a $14 million contract from the U.S. Air Force Research Laboratory awarded in June 2024, with additional detection clusters planned for late 2025 through 2026. Furthermore, Spire is one of twelve vendors on the U.S. Space Force's STEP 2.0 contract, a 10-year IDIQ agreement with a ceiling of $237 million to build small satellite buses for experimental payloads.

These technological investments are translating directly into revenue streams and contract wins, which is what matters most to the bottom line. Here's the quick math on where the company stands as they push these new capabilities into orbit and start recognizing revenue from those big government deals. What this estimate hides is the timing risk associated with space services contracts, where revenue recognition depends on satellite deployment milestones.

Metric	Value / Guidance (as of late 2025)	Source Context
FY 2025 Revenue Guidance (Reiterated)	$85.0 million to $95.0 million	Excluding the maritime business held for sale
Q1 2025 Revenue	$23.9 million	Reported Q1 2025 results
Q2 2025 Preliminary Revenue	$18.0 to $19.0 million	Preliminary, unaudited results
Cash, Securities Balance (as of June 30, 2025)	$117.6 million	Post-maritime transaction balance
FY 2025 Platform CapEx Guidance	$8.0 to $10.0 million	Spire platform / infrastructure capital expenditures
NOAA HyMS Contract Value	$4 million	Two-year contract for in-orbit demonstration
USAF RF Cluster Contract Value	$14 million	Awarded by AFRL in June 2024

The company is actively deploying assets to support these tech advancements. For instance, they launched eleven satellites on a SpaceX mission on November 25, 2025, and plan to launch another satellite with optical inter-satellite link technology by the end of the year. These deployments are essential to feeding the AI models and fulfilling the data requirements of their growing RF intelligence contracts.

Finance: draft 13-week cash view by Friday

Spire Global, Inc. (SPIR) - PESTLE Analysis: Legal factors

You're running a space-based data company, so the legal and regulatory landscape isn't just background noise; it's the very ground you launch from. For Spire Global, this means constant, high-stakes engagement with U.S. federal agencies. The legal environment dictates everything from who you can sell data to, to what frequencies you can use to send that data back to Earth.

Subject to strict regulatory oversight from U.S. agencies like NOAA and the U.S. Space Force

Your government contracts are proof of deep regulatory vetting, but they also mean you're under the microscope. Spire Global recently secured a 10-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the U.S. Space Force's Space Systems Command under the Space Test Experiments Platform (STEP 2.0) program, which has a ceiling of $237 million. This level of engagement requires strict adherence to national security and technology demonstration protocols. On the weather side, oversight from the National Oceanic and Atmospheric Administration (NOAA) is direct and financially significant. In late 2025, Spire Global secured two NOAA orders totaling $13.7 million. The larger award, valued at $11,190,900 for one year starting September 18, 2025, is for Global Navigation Satellite System Radio Occultation (GNSS-RO) data, which NOAA integrates into its weather and space weather models alongside NASA and the U.S. Navy.

Here's a quick look at the key government engagements that define your legal operating environment:

• U.S. Space Force: Eligible for task orders up to $237 million ceiling under STEP 2.0.
• NOAA GNSS-RO: $11.1 million contract for one year ending September 18, 2026.
• NOAA GNSS-R: $2.5 million contract for nine months starting September 10, 2025.
• NASA: Awarded a task order extension for radio occultation and space weather data.

Recent financial restatement necessitates implementing corrective financial reporting measures

The internal legal and compliance focus has been intense due to accounting errors. On March 31, 2025, Spire Global recognized errors in previously issued financial statements for fiscal years 2024 and 2023. This stemmed from changing the revenue recognition policy for Space Services contracts-moving from recognizing revenue based on pre-space mission activities to recognizing it over the data provision period. The estimated annual financial impact of this shift was $10-$15 million. This necessitated filing an amended Annual Report for the year ended December 31, 2024, and it exposed a material weakness in internal controls over financial reporting. To be fair, the company did file restated financials for prior periods and its Q2/Q3 2024 Form 10-Qs on March 3, 2025, marking an inflection point. Still, the delay in filing the Q2 2025 10-Q meant the company faced a February 19, 2026, deadline to regain compliance with the NYSE or risk delisting.

Compliance with global radio frequency spectrum licensing is crucial for operations

Your ability to collect data hinges on securing and maintaining radio frequency spectrum rights, which involves navigating both domestic and international bodies like the International Telecommunication Union (ITU). Domestically, Spire Global has a history of close coordination with the Federal Communications Commission (FCC) and the National Telecommunications and Information Administration (NTIA) to license its constellation. For example, Spire secured authorization to use 2025-2026 MHz for space-to-space inter-satellite links after two years of coordination with U.S. government stakeholders. Any change in allocation or interpretation of existing rules by the FCC or foreign regulators could adversely affect operations or require costly modifications.

The spectrum landscape is complex, as shown by these key authorizations and coordination requirements:

Frequency Band	Use Type	Coordination/Requirement
2025-2026 MHz	Space-to-space	Secured after coordination with U.S. government agencies
8025-8400 MHz (X-band)	Space-to-Earth	Critical for EESS operators; NTIA urged to protect access
399.9-400.05 MHz	RF Communication	Requires coordination with NASA for satellites deployed from ISS at least 60 days prior to launch

Space regulation is evolving rapidly, impacting operational and launch protocols

Beyond spectrum, the legal framework for space operations is shifting quickly, driven by concerns over sustainability and security. The industry is seeing a trend where 63% of firms plan to increase their Governance, Risk, and Compliance (GRC) budgets in 2025. This signals a move toward more proactive compliance structures, which Spire must adopt to maintain credibility. Evolving expectations around cybersecurity-where 74% of firms spent over $1 million on security in 2024-and space debris mitigation are becoming embedded in new contracts and regulations. Furthermore, Spire's expansion into defense, evidenced by its $14 million U.S. Air Force Research Laboratory contract, means its operational protocols must align with increasingly stringent Department of Defense standards for rapid deployment and data handling.

If onboarding a new auditor takes longer than expected, the NYSE compliance risk rises.

Finance: Draft a memo by next Wednesday detailing the internal control remediation plan status for the Audit Committee.

Spire Global, Inc. (SPIR) - PESTLE Analysis: Environmental factors

You're looking at how the physical world-and our impact on it-shapes Spire Global's business, which is a huge factor for any company operating in orbit. Honestly, for Spire, the environment is both the product and the operational constraint. They are actively positioning themselves as a key player in global environmental intelligence while simultaneously managing the physical risks of their own operating environment.

Active member of the Astra Carta initiative for space sustainability and governance

Spire Global is clearly signaling its commitment to responsible space operations by being a member of the Sustainable Markets Initiative (SMI) and its Astra Carta initiative. This framework is designed to get the private sector to lead in sustainable practices across space-related industries. It's not just PR; it's about shaping governance so that innovation isn't choked by a chaotic orbital environment. The CEO, Theresa Condor, has publicly discussed this focus, showing alignment with broader sustainability goals that investors and governments are increasingly watching.

The key takeaway here is proactive alignment with future best practices:

• Membership in SMI's Astra Carta initiative.
• Focus on responsible exploration and cooperation.
• Aligning activities with sustainability standards.

Data directly supports climate research and Earth observation for environmental monitoring

The core value proposition for a significant part of Spire Global's business is providing the data needed to understand and combat environmental challenges. They aren't just tracking ships; they are tracking the planet's health. For example, Spire launched two satellites for GHGSat on their Transporter-15 mission in late 2025, which carry payloads specifically for monitoring greenhouse gas emissions, particularly methane. Spire now designs and operates a total of five satellites for GHGSat to deliver precise emissions data.

Furthermore, Spire continues to deliver crucial climate variables through its data services. As of their August 2025 update, European researchers gained access to historical Earth intelligence data, including GNSS-Reflectometry and Polarimetric Radio Occultation data, which provides insight on sea ice, soil moisture, and precipitation. This data is essential for building accurate climate models.

Operates in Low Earth Orbit (LEO), facing rising scrutiny over space debris mitigation

Operating a fully deployed satellite constellation means Spire Global is right in the thick of the LEO congestion issue. The numbers show why this is a major environmental and business risk. Researchers estimate that of the roughly 2,850 non-operational satellites and 2,000 discarded rocket stages orbiting Earth, about 70% of the smaller debris objects are in LEO. With LEO projects accounting for over 70% of small satellite demand, the environment is getting crowded fast.

This scrutiny translates into operational requirements. Spire's own ADLER-1 mission, launched back in late 2021, was designed to get in-situ (in-place) data on micro-debris to verify models. The market for monitoring and cleaning this debris is expected to grow to $1.32 billion in 2025, showing the financial weight of this environmental challenge. If onboarding takes 14+ days, churn risk rises if customers perceive your constellation as a debris contributor.

Here's a quick look at the LEO environment context:

Metric	Value (Approximate)	Source/Context
Operational Satellites	2,700	Orbiting Earth (as of late 2024/early 2025 data)
Non-Operational Satellites/Stages	~4,850+	Non-operational satellites plus discarded rocket stages
Debris in LEO (estimated)	~70% of 1mm-1cm objects	Objects too small for ground radar tracking
Debris Monitoring Market Value (2025 Est.)	$1.32 billion	Projected market size for monitoring/cleanup

Satellite constellation is a core tool for global wildfire and sea ice monitoring

Spire Global's technology is directly deployed to manage acute environmental crises. A prime example is their work with the Government of Canada on the WildFireSat mission. Spire Global Canada was assigned a Can$72 million contract, including harmonized sales tax, to design and develop the dedicated constellation. They partner with OroraTech, which is building the thermal detection payloads.

This collaboration is scaling up rapidly. By the end of 2025, OroraTech's constellation, utilizing Spire's LEMUR satellites, is set to become the world's largest dedicated to thermal intelligence, with ten satellites operational, with plans to reach 100 by 2028. Spire is set to launch eight more of these wildfire-detecting satellites for OroraTech in 2025 alone. This capability provides rapid alerts, helping to protect over 160 million hectares of forest worldwide.

Also, remember that their Radio Occultation data provides direct insight into sea ice conditions, which is a critical metric for climate scientists tracking polar changes. This dual focus-mitigating orbital risk while providing essential Earth monitoring data-is a defining environmental characteristic of the business.

Finance: draft 13-week cash view by Friday.