24/7 Market News Snapshot 13 August, 2025 – Spire Global, Inc. (NYSE:SPIR)
DENVER, Colo., 13 August, 2025 (www.247marketnews.com) – (NYSE:SPIR) are discussed in this article.
Spire Global, Inc. (NYSE:SPIR) has demonstrated remarkable progress, with its stock experiencing a significant surge of 10.52% to a current price of $11.085, following an opening at $10.08. This increase reflects a heightened investor interest, bolstered by a trading volume of 1.19 million shares, aligning with bullish sentiment as the company’s stock approaches notable resistance levels near $11.50 while maintaining support around its opening price.
In conjunction with its favorable stock performance, Spire has also reported promising preliminary revenue estimates for the second quarter of 2025, projecting revenues between $18.0 million and $19.0 million. This projection underscores Spire’s strong position in the expanding space data market. The company’s financial resilience is further highlighted by its cash, cash equivalents, and marketable securities, which total $117.6 million.
Significant business developments include the acquisition of an eight-figure, five-year contract from a repeat commercial customer, which highlights Spire’s commitment to providing reliable technology solutions within expedited timeframes. Furthermore, Spire has renewed a $1.2 million contract with NASA for essential Earth observation data, focusing on GNSS radio occultation and space weather measurements.
Spire’s collaborations extend to the European Space Agency, where it will provide researchers with access to historical weather data collected by its satellites, enriching the scientific understanding of climate variables such as sea ice and soil moisture. Additionally, the introduction of advanced radio frequency intelligence solutions tailored for defense applications reflects Spire’s dedication to technological innovation, enhancing operational readiness for government and defense sectors.
As Spire anticipates its next quarter revenue between $19.5 million to $21.5 million, along with reaffirming its annual guidance of $85.0 million to $95.0 million, the company is set to launch its next-generation Hyperspectral Microwave Sounder in early 2026, marking a pivotal advancement in weather forecasting technology. Spire will provide further insights during a webcast scheduled for 5:00 p.m. ET today, offering a comprehensive overview of its strategies and innovations in the space data realm.