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Spire Global ( (SPIR) ) has issued an announcement.
On April 23, 2026, Spire Global Canada Subsidiary Corp. disclosed that the Canadian government, represented by Public Works and Government Services, terminated for convenience its contract for the design and development of the WildFireSat satellite constellation to monitor wildfires for the Canadian Space Agency, effective immediately. The contract, which could have reached a total value of Can$71.8 million if all milestones were met, will now move into a settlement phase in which Spire may submit a proposal by May 7, 2026, to recover certain costs related to the termination, introducing uncertainty around expected revenue and project execution tied to this Canadian wildfire monitoring initiative.
The most recent analyst rating on (SPIR) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Spire Global stock, see the SPIR Stock Forecast page.
Spark’s Take on SPIR Stock
According to Spark, TipRanks’ AI Analyst, SPIR is a Neutral.
The score is held down primarily by weak financial performance (ongoing losses, persistent cash burn, and balance-sheet volatility) and very unattractive valuation (extremely high P/E and no dividend). These are partly offset by strong bullish price momentum and a liquidity-positive financing event, though dilution limits the upside impact.
To see Spark’s full report on SPIR stock, click here.
More about Spire Global
Spire Global, Inc., through its wholly owned subsidiary Spire Global Canada Subsidiary Corp., operates in the space-based data and satellite services industry. The company designs and develops satellite constellations that provide specialized monitoring capabilities, including environmental and wildfire observation services for government agencies and related public-sector customers.
Average Trading Volume: 1,284,333
Technical Sentiment Signal: Buy
Current Market Cap: $614.6M
For detailed information about SPIR stock, go to TipRanks’ Stock Analysis page.